St Modwen has bought a 4.5 acre site in Letchworth Garden City from the Letchworth Heritage Foundation.
The site, which formerly housed a power station, will now be developed into an office and industrial scheme with more than 80,000 sq ft of accommodation.
St Modwen intends to submit a planning application for the site before the end of the year.
It is the first aqcuisiton by St Modwen’s new Northern Home Counties office.
Colliers CRE acted for Letchworth Heriatge Foundation. StModwen was unrepresented.