KNIGHT Property Group has confirmed that multi-national distribution and outsourcing company Bunzl UK has leased a new 29,000 sq ft unit at the Belgrave Logistics Park in Bellshill.
Bunzl are relocating its Greenham Glasgow branch from nearby Uddingston after securing a 10-year lease for the unit.
The deal follows recent lettings to Wincanton, RES and Likewise, with only one unit of 35,000 sq ft now available at the park.
James Barrack, chairman and founder of Knight Property Group, said, “Securing another high calibre tenant so quickly after the recent Wincanton deal underpins and reinforces our strategy of committing to the speculative development of the best units in the best locations across Scotland. With only one unit now remaining, this deal is a further vote of confidence for Belgrave and in Lanarkshire generally.”
The £55 million Belgrave Logistics Park extends to 261,193 sq ft across five buildings. All units feature composite wall and roof cladding, as well as dedicated yard and car parking.
It is described as one of the greenest industrial/logistics parks in Scotland, boasting ‘all-electric’ buildings with environmental credentials such as an EPC rating of ‘A+’ and a BREEAM ‘excellent rating’.
Gregor Harvie, partner of Ryden, added, “The completion of this deal is testament to Knight Property Group’s commitment to developing and successfully delivering high quality speculative developments in key geographical areas. Enquiries remain strong for the remaining unit.”
Ryden and JLL are agents for Knight Property Group, whilst Galbraith Group represented Bunzl.
The project architect was SPACE Solutions, the engineer was Fairhurst, QS/ CA was Axiom, Wallace Whittle was M&E, with the main contractor Clark Contracts.
