ALLIED Surveyors Scotland has completed the acquisition of 15,000 sq ft of industrial space on behalf of Ivanhoe Caledonian, Edinburgh’s last remaining commercial printing business.
Ivanhoe will occupy the premises at 5a Seafield Road in the Scottish capital on an eight-year sub-lease from Whyte & Mackay.
The company, formed in 2017 following the merger of two older printing businesses, has retained its existing premises at Eskmills in Musselburgh and will operate across both sites.
The additional space will support the firm’s expansion plans which include the creation of new jobs, the purchase of a six-colour B1 printing press, and print finishing equipment.
“We conducted a thorough market-wide search for Ivanhoe and these premises at Seafield will provide our client with the required growth space, less than five miles from their current premises,” said Allied Surveyors’ director of commercial agency (east), Iain Mercer.
Funding of £1.6 million, including a Scottish Enterprise grant, was secured by Ivanhoe to support the expansion drive.
Keith Cockburn, Ivanhoe Caledonian director, added, “We are looking to double in size by 2023 and have identified future growth opportunities thanks to our loyal customer base and our diversification into the paper and card packaging market.
“This market is seeing significant growth in Scotland due to Scotland’s strong food and drink export companies looking to shorten their global supply chains, and also turn away from plastic packaging towards more sustainable packaging.”