KNIGHT Property Group has been granted full planning approval from North Lanarkshire Council for a £50 million logistics park at Bellshill Industrial Estate.
To be located on the site of the former Devro manufacturing facility, the 14-acre development will be transformed into Belgrave Logistics Park, a speculative 245,000 sq ft logistics facility with five units of varying sizes.
Knight Property Group said each unit will have an EPC rating of A as well as electric car charging points, solar panels to the roof, electric heat recovery/air conditioning to offices, and water management flow restriction to conserve water.
James Barrack, founder and chairman of Knight Property Group, said, “Achieving full planning consent is a significant milestone for this high-quality and well-located development. Interest from potential occupiers has already been strong and confirms our confidence to develop speculatively in this sector and location. When complete, it will provide much-needed logistics space and has the potential to bring new business and employment opportunities to the area.
“The demolition and site clearance works are now complete and we are currently in the midst of detailed discussions with several parties to select a main contractor for the development, which we hope to conclude shortly.”
Marc Giles, planning partner at Ryden, who advised Knight, added, “The planning process was a real team effort and permission was granted well within the statutory four months determination period. We were delighted by the cooperative and positive approach from the planning officers at North Lanarkshire Council on this application. This development will bring significant economic benefit to the local area.”