Freehold acquisition gives Lincoln business room for growth

Relocation to business premises on The Point Business Park in Lincoln will give the local office of UK data measurement systems & electronics firm, HGL Dynamics Ltd, a new base from which to expand its ((https://www.hgl-systems.co.uk/)) HGL Systems operating division and recruit to accommodate business growth.

HGL’s move to its new Lincoln base at The Point Business Park follows the firm’s purchase of the freehold of Unit F - a 503 sq m (5,415 sq ft) detached, two storey, self-contained office building, with parking - through Eddisons incorporating Banks Long & Co, who 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 & drone manufacturers - has been based at Lincoln’s Lindum Business Park for over ten years.

But, as Julian Howden, Principal Mechanical Design and Production Engineer, explains, 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 confirms that the building’s freehold was marketed for sale for OIRO of £650,000.

Commenting on the sale of Unit F, 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.

For more information about commercial property freehold opportunities or business space to let in Lincoln, contact William Wall at Eddisons incorporating Banks Long & Co, tel 01522 544515, will.wall@eddisons.com.