The Maltings gets 100%

The final tenant has collected keys for their suite in Lincoln’s most prestigious office development.

The Maltings in Brayford Wharf East – 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.

The ground floor offices of this building, which received a “commendation” in the 2011 RIBA East Midlands Awards for Architecture, have been taken by the UK’s largest provider of the Government-backed Work Programme training scheme, Ingeus UK Limited.

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 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 £2m 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.