AN expanding business park which is welcoming a new big-name company is hoping to create hundreds of new jobs.

Tech-giant Sauer Compressors has become the latest in a string of big-name companies to move to Lanswoodpark Business Centre in Elmstead Market.

The German organisation joins Dutch companies HG Hagesan and Utilta in a mix of 40 different businesses.

Lanswood has submitted an application for five more 10,000 sq ft phases at Lanswoodpark which is likely to generate upward of 400 jobs.

Phase one of Lanswoodpark was completed in late 2012.

Darin Shaikly, managing director of Lanswood, said: “Fast forward to 2017 and Lanswoodpark is ready for phases four to eight.

“With three office buildings already in place facing full occupancy, with a popular café on site, Lanswoodpark has an energetic combination of different businesses.”

Sauer Compressors UK is relocating a purpose-built, 12,000 sq ft, two storey unit to facilitate the expansion of its international business.

Negotiations began with Lanswoodpark in early 2016 for a unit that would satisfy its growing office capacity.

With the terms agreed in a matter of months, the build began in October and was completed earlier this month.

Tim Wix, managing director at Sauer Compressors UK, said: “The team at Lanswoodpark have been fantastic in helping us through the design and detail of our new building.

“We have a number of high end clients and were struggling to find a unit that would fit our expansion and image plans but now have everything place.

“I and all my staff are really looking forward to working from Lanswoodpark.”

Mr Shaikly added: “Sauer Compressors picked Lanswoodpark for its location and setting. “The Lanswoodpark team has worked hard delivering a bespoke design and build workplace to meet the needs of this expanding international company.

“We look forward to the Sauer team joining the other companies here at Lanswoodpark.”

Sauer Compressors aim to be up and running by July.