Data firm gets to The Point with relocation
Data measurement systems & electronics firm, HGL Dynamics, has to The Point Business Park in Lincoln.
HGL’s move follows the firm’s purchase of the freehold of Unit F – a 5,415 sq ft two storey unit, in a deal brokered by Eddisons incorporating Banks Long & Co, which acted as the sole agent on behalf of the vendor.
HGL – whose client base varies from household names in the aerospace & industrial gas turbine sectors to classic car restorers and drone manufacturers – has been based at Lincoln’s Lindum Business Park for over 10 years.
But, as Julian Howden, principal mechanical design and production engineer, explained, recent business growth prompted the need for new, larger premises.
He said: “In logistical terms, we had reached full capacity at our original Lincoln site.
“The move to Unit F at The Point gives the team scope to design a floorplan and layout for improved flexibility, efficiency and ergonomics.
“Our Lincoln operation has a headcount of 16, currently, but we have plans to recruit to meet business growth and our acquisition of Unit F gives us the space in which to do that.”
While the purchase price of Unit F remains commercially confidential, Eddisons incorporating Banks Long & Co confirmed that the building’s freehold was marketed for sale for OIRO of £650,000.
William Wall, who led Eddisons’ agency negotiations with HGL, said: “It’s a testament to the vibrancy of Lincoln’s business scene that companies like HGL are keen to reinforce their presence here by investing in property and recruitment.”
HGL is scheduled to move in to Unit F at The Point Business Park later this year following a comprehensive fit-out programme.