Newlands Developments has agreed a £72m pre-construction forward-funding deal with a US-based investor to enable the speculative delivery of a 353,000 sq ft industrial and logistics scheme at the Eurocentral estate in Central Scotland.
The Orchard Park development, which will be delivered by Tulchan Development, will comprise five Grade A units ranging from 42,500 sq ft to 122,500 sq ft, with bespoke design options also available to suit occupier requirements. Development is scheduled to commence on site in Q1 2027 with practical completion targeted for Q2 2028.
Occupying a strategic position within the Eurocentral estate, the 40-acre site benefits from direct access to the M8 motorway via a dedicated junction, providing connectivity to the national motorway network.
Stephanie Bishop, development director at Newlands Developments, said: “This is a significant milestone for Scotland’s industrial and logistics market and a strong vote of confidence in the sector from one of the world’s leading real estate investors. We are delighted to be investing in Scotland again alongside our Glasgow-based delivery partner, Tulchan Developments. We believe this investment will attract significant occupiers who require top quality buildings available in the immediate future. It will reinforce Scotland’s position as an increasingly important destination for industrial and logistics investment.”
Douglas Steele, associate director at CBRE, which brokered the forward-funding deal and is the scheme’s retained letting agent, said: “We are very pleased have brokered a transaction of this scale and significance, bringing a much-needed injection of capital into Scotland’s industrial and logistics sector. The deal reflects the growing international recognition of the opportunities within the country’s I&L sector. Orchard Park will be central in building that momentum, delivering high quality, strategically located space that can help address occupier demand and set a new benchmark for industrial development in Scotland.”
