SME property lending specialist Assetz Capital is supporting a new industrial estate in the heart of the Cairngorms with a £1.94 million funding package.
The cash will facilitate the creation of light industrial units designed to address a growing demand in the area.
The Cairngorms region has seen a significant increase in housing developments and leisure businesses in recent years. Assetz Capital’s funding aims to support local economic growth by creating jobs during the construction phase and also provide essential infrastructure for a range of businesses.
The industrial units are said to have already attracted strong interest from both local and national occupiers, with several units already pre-let.
The deal was led by Geoff O’Brien, Assetz Capital’s Scotland-based relationship director. He said, “I am very pleased to have been able to support this development and work with such an experienced team who have done an amazing job to bring this scheme to life. The provision of high-quality industrial units is much needed in the area, and the response from the market so far has clearly demonstrated the level of pent-up demand.”
