Bunzl UK has leased a new 29,000 sq ft unit at Knight Property Group’s Belgrave Logistics Park in Bellshill, South Lanarkshire.
The company, which has signed a 10-year lease on the unit, is relocating its Greenham Glasgow branch from nearby Uddingston to the park.
The £55m Belgrave Logistics Park comprises 261,193 sq ft across five BREEAM Excellent and EPC A+-rated buildings. There is now only a 35,000 sq ft unit available to let at the park.
James Barrack, chairman and founder of Knight Property Group, said: “We are delighted to welcome Bunzl to Belgrave. Securing another high calibre tenant so quickly after the recent Wincanton deal underpins and reinforces our strategy of committing to the speculative development of the best units in the best locations across Scotland. With only one unit now remaining, this deal is a further vote of confidence for Belgrave and in Lanarkshire generally.”
Gregor Harvie, partner at Ryden, joint agent at the park with JLL, added: “The completion of this deal is testament to Knight Property Group’s commitment to developing and successfully delivering high quality speculative developments in key geographical areas. Enquiries remain strong for the remaining unit.”
Galbraith Group represented Bunzl on the letting. The project team at Belgrave Logistics Park comprised SPACE Solutions, Fairhurst, Axiom, Wallace Whittle and Clark Contracts.
