Landmark City Office Secures Final Tenant
The final tenant has collected the keys for their suite in a £2 million office development in the city.
The Government-backed Work Programme training scheme, Ingeus UK Limited, is moving into The Maltings in Brayford Wharf East.
The building, which is owned by Lincoln Corn Exchange & Markets (1991) Limited (part of Lincolnshire Co-operative) – is now fully let, less than six months after its practical completion.
Ingeus will take the ground floor offices in the building, which received a "commendation" in the 2011 RIBA East Midlands Awards for Architecture.
The business joins Wilkin Chapman LLP, RBS Bank PLC and Thompson and Richardson Insurance Brokers.
Ingeus UK Ltd employs more than 850 staff in the UK, operating from 39 offices across London, the Midlands and Scotland.
Banks Long & Co handled the letting. Director William Wall said: "The fact that 85 per cent of this 30,000 sq ft building was pre-let and the final 4,300 sq ft completed suite let so quickly, is testament to the quality of both this location and the redesign of the building itself.
"The unrivalled position overlooking Brayford Pool was never in doubt. However, the fact that our clients pushed forward with this £2 million project in such difficult market conditions, highlights both the strength of their convictions and their commitment to the Lincoln economy."
Mr Wall said that Lincoln has traditionally lagged behind larger neighbouring cities, such as Nottingham, but it has been comparatively well insulated from the effects of the downturn with retail, office and industrial sectors all remaining robust.
"The city is well-placed for growth over coming years with the continued success of The University of Lincoln, the development of a new shopping centre, the commitment of Siemens to remain in Lincoln, the completion of the A46 dualling and the allocation of central Government funds to the proposed Eastern Bypass.
"As a result, our clients have the confidence to press on with a number of exciting new projects and we will be bringing them to the market in the very near future," added Mr Wall.
The spokesman for Lincolnshire Co-op, Emma Snedden, said: "We are pleased to welcome these new tenants to The Maltings. The Brayford area has seen much work over recent years, such as the development of the new university law school and the relocation of the Lincolnshire Echo. We believe The Maltings contributes to a thriving Brayford Wharf East and we're glad that we've been able to play our part in that by investing in the major refurbishment of the building."
