Private investor snaps up 23,000 sq ft at business park

The latest phase of Leafbridge Business Park in Lincoln has been acquired by an unnamed private investor.

The business park on Station Road in North Hykeham is owned by Leafbridge Limited and is being developed by local contractor Stirlin.

Stirlin has sold the six units that comprise the third phase of the development off-plan to a repeat client. They will be made available to lease later in the year.

Construction is well underway on the new phase, which will provide over 23,000 sq ft of employment space, with the units ranging in size from 3,000 to 5,000 sq ft.

Tony Lawton, managing director of Stirlin, said: “Since the first units at Leafbridge were completed in 2021, we have seen a notable demand for new employment space in this location, particularly from our database of valued investor clients.

“Leafbridge is situated in a very convenient, accessible location and is occupied by both local and national businesses, making it incredibly attractive to those seeking investment opportunities.”

Jasper Caudwell, chartered surveyor for the site’s agent, Pygott & Crone, said: “Leafbridge continues to perform as Lincoln’s premier business park, which is cemented by the new delivery of over 23,000 sqft of high-spec business space on behalf of a private investor.”

He added: “The development has proven to be exceptionally popular, meeting the gap in supply of much needed business space with the first two phases experiencing strong uptake from both tenant and owner occupiers.”

Lawton added: “Designs are continually being reviewed as we plan for further development on Leafbridge, so welcome all interested investors and businesses to get in touch with our team to discuss their requirements.”