AN Edinburgh property investment firm is to regenerate two industrial estates after snapping both up in a multi-million pound deal.
SRA Ventures – founded and owned by Shaf Rasul – has taken control of Bowmains Industrial Estate in Bo’ness and Lochside Court Industrial Estate in Dumfries.
The company said both estates will now enjoy “significant investment” as SRA, part of the E-Net Group, looks to attract new tenants seeking high quality commercial units.
Edinburgh-based legal firm Gilson Gray LLP helped progress the deals, and is now providing advice to SRA on an additional £10 million of transactions, expected to be concluded in the next few months.
Bowmains Industrial Estate, offering 10 units, lies on the southern edge of Bo’ness and comprises two terraces of commercial and warehouse units with a communal central yard.
Lochside Court Industrial Estate offers eight units and is said to provide an “ideal base” for companies looking to serve the Dumfries & Galloway business community.
Shaf Rasul said, “Together, these deals represent a major strategic investment for SRA Ventures, and another exciting addition to our property portfolio. Through sustained investment, both estates will follow in the footsteps of our original commercial base, E-Net Park in Linlithgow, creating exceptional, well-managed, high-spec accommodation, and affording strong transport links to tenants.”
Murray Stewart, head of real estate at Gilson Gray added, “We were only too pleased to advise SRA Ventures on these unique opportunities, helping to progress them to a satisfying conclusion for all parties – and we expect to conclude more property investment deals on their behalf in the near future.”