CANMOOR has announced completion of the acquisition of Westway Park in Renfrew for £40 million.
The develop said it plans to make a “substantial development” in the enclosed industrial park to “breathe new life into the area”.
The 135-acre site is home to numerous businesses including Doosan Babcock.
Canmoor director Tom White said, “We are delighted to complete the acquisition of Westway Park and are excited to be part of the next phase of its development. We intend to work closely with current and new occupiers to deliver fit for purpose warehouse, manufacturing and business space.
“The existing buildings have real rarity value through their high eaves, heavy cranage and large power capacity and through our refurbishment programme we aim to take advantage of these attributes, to attract new occupiers.
“We are also excited that Westway Park will play a key part of the Renfrewshire City Deal Project, including the recently announced National Manufacturing Institute for Scotland and the development of a new bridge over the River Cart, linking Westway with Glasgow Airport. This marks the start of an exciting new chapter.”