St Marks has been owned by Standard Life Investments since 2003 who are providing a substantive investment to develop this area of the city. Aberdeen Standard Investments is a brand of the investment business of Aberdeen Asset Management and Standard Life Investments.
The proposed development will create a more comprehensive mixed-use development to complement Lincoln's existing retail offer. It will also improve links to the High Street and the University of Lincoln.
The development will also include additional leisure and retail space, new public spaces, improved car parking, and a combination of student and residential accommodation.