REAL estate advisor CBRE has announced it has been appointed on one of the largest single industrial letting opportunities available in Scotland in over a decade.
Located in Bishopbriggs, near Glasgow, the site spans 860,892 sq ft (67 acres) and is situated within Westerhill Business Park.
The facility has been the long-standing UK and global distribution HQ for HarperCollins and is said to be ‘uniquely positioned’ to serve national and international logistics operations. It comprises two ‘substantial’ warehouses, an office building extending 118,000 sq ft and additional land with future development potential. It also includes two gatehouses and 442 car parking spaces.
Craig Semple, director at CBRE Scotland, said, “The industrial and logistics sector in Scotland is very robust, with good levels of demand for large-scale, well-connected distribution hubs. The site in Bishopbriggs represents a rare opportunity to secure a strategically located facility that can support the evolving needs of modern supply chains and crucially without the high costs of new development.
“With its extensive infrastructure, proximity to key transport links and access to Scotland’s major population centres, we expect good interest from both national and international occupiers looking to establish a long-term foothold in the market.”
CBRE added that it is currently tracking several million sq ft of active occupier demand across Scotland, with a shortage of available stock in the mid to big box sector, particularly in Glasgow and the west while vacancy rates across the M8 corridor remain below 2%.
