Teesside-based Cable Properties has acquired an industrial asset at 55 Fullarton Drive in Cambuslang for £10.85m.
The modern 80,000 sq ft industrial facility sits on a 5.94-acre site in one of Scotland’s most established industrial and logistics locations.
The building is let in its entirety to SP Distribution, part of Scottish Power and the Iberdrola Group, on full repairing and insuring lease terms until September 2031. An open-market rent review is scheduled for September 2026.
Steve Cole, head of property at Cable Properties, said: “The acquisition of 55 Fullarton Drive aligns closely with our investment strategy of targeting well-located industrial assets with secure income and clear income growth potential. Cambuslang is one of the best industrial locations in Scotland, and this property offers strong reversion in the short term due to the low passing rent and September 2026 rent review. We were pleased to work closely with Avison Young’s capital markets team, and their expertise was invaluable in securing the purchase.”
The vendors of the property were clients of Swiss Life Asset Managers UK, represented by Lismore Real Estate Advisors. Avison Young advised Cable Properties on the deal.
