{"id":4682,"date":"2023-06-08T07:47:36","date_gmt":"2023-06-08T06:47:36","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/south-west\/?p=4682"},"modified":"2023-06-08T07:47:36","modified_gmt":"2023-06-08T06:47:36","slug":"developer-snaps-up-former-siemens-site","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/4682-developer-snaps-up-former-siemens-site","title":{"rendered":"Developer snaps up former Siemens site"},"content":{"rendered":"<p>Developer Kingsbridge Estates has bought a 10.7-acre site in Poole from Siemens for \u00a37.75m.<\/p>\n<p>Siemens had been at Sopers Lane for more than 30 years, but divested its transport systems business, Yunex Traffic, in 2021.<\/p>\n<p>Kingsbridge will now work with the current occupiers and local stakeholders to bring forward proposals for a phased development of the site.<\/p>\n<p>The Sopers Lane site sits inside an employment zone in the Poole Local Plan.<\/p>\n<p>Chris Fry, chief executive of Sussex-based Kingsbridge Estates, said: \u201cWe are excited about the Sopers Lane site and its potential for a phased redevelopment to support local employment and contribute positively to the local economy.<\/p>\n<p>\u201cThis acquisition is in line with our mission to create sustainable schemes that help meet high levels of demand for quality commercial space across the South.\u201d<\/p>\n<p>Kingsbridge Estates was advised by DTRE and Freeths, while CBRE and Osborne Clarke advised former owners Siemens Plc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>10.7-acre site sits within designated employment zone<\/p>\n","protected":false},"author":18,"featured_media":4683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"coauthors":[81],"class_list":["post-4682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-dorset","tag-featured-story"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - 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