Wincanton has signed a 15-year lease on a 126,960 sq ft unit at Knight Property Group’s Belgrave Logistics Park in Bellshill, North Lanarkshire.
The new distribution centre includes 2,870 sq ft of office space, 63 car parking spaces and a 55m deep yard. The unit is BREEAM Excellent-rated and also has an EPC A+ rating.
Belgrave Logistics Park features electric car charging points, solar photovoltaic panels, energy-efficient LED lighting, heat recovery air conditioning and water management systems for conservation.
Derek Stirling, country manager for Scotland at Wincanton, said: “This new distribution centre, our second in Scotland within two years, reinforces our long-term commitment to Scotland and promises enhanced services and efficiencies for our customers and partners across the country. We are delighted with the high-quality space and accessibility of our new facility at Belgrave, conveniently located in close proximity to our existing hub in Motherwell.”
James Barrack, chairman and founder of Knight Property Group, added: “Securing Wincanton for the largest unit at Belgrave underpins and reinforces our strategy of committing to the speculative development of the best units in the best locations across Scotland. With lettings already secured with Likewise Group and RES at the park, the last two units are seeing high levels of interest and we hope to be able to place them under offer very soon.”
Alan Gilkison, managing partner at Ryden – joint agent at the park with JLL – said: “This deal represents one of the largest industrial transactions to be concluded in Scotland over the past year, showcasing Knight Property Group’s commitment to delivering quality speculative developments in key geographical areas. With three out of the five units already let at Belgrave Logistics Park, strong occupier interest is noted for the remaining space.”
Ross Sinclair, director at Savills, which represented Wincanton on the deal, added: “It was a pleasure to see Wincanton and Knight act transparently and expediently throughout this transaction as this was critical in achieving the eventual successful outcome to meet the objectives of landlord and tenant alike.”
The project team for the development included SPACE Solutions, Fairhurst, Axiom, Wallace Whittle and Clark Contracts.
