KNIGHT Property Group has completed the acquisition of the former Devro manufacturing facility in Bellshill.
The 14-acre site currently houses a large production facility, external storage, yard space and car parking.
Knight has secured a building warrant for demolition of the premises plus site clearance, with work already underway with a view to completion of this initial phase in approximately four months.
Situated within the Bellshill Industrial Estate, surrounding occupiers include DHL, Yodel, TradeBe, TNT, Nationwide Platforms and HSS Hire.
Knight said it is ‘considering and preparing options’ for the site at present.
Howard Crawshaw, director of Knight Property Group, said, “We are absolutely delighted to have acquired this site at Bellshill, it is a fantastic location which is reflected through the many surrounding occupiers. Demolitions have started and we are working up several schemes and masterplans for the site and some initial early occupier discussions are taking place. Given the strength of the logistics, distribution and industrial sectors we firmly believe if we bring the quality of the Knight product to the market the demand and occupier appetite will justify our commitment to the development.”