DEVELOPERS Manse LLP and J. Smart & Co. (Contractors) Plc have formed a joint venture and submitted a planning application to North Lanarkshire Council for a new industrial and logistics development at Eurocentral.
The proposed scheme, Eurocentral Gateway, will deliver over 200,000 sq ft of new industrial and logistics space. Comprising two high-specification industrial buildings, the units will feature a strong emphasis on ‘sustainability, operational efficiency and high-quality design’.
With a shortage of new prime industrial and logistics accommodation across Scotland’s central belt, and a record low vacancy rate along the M8 corridor of c2.5%, the development is tipped to attract strong interest.
CBRE and Colliers have been appointed as joint letting agents for the scheme and are encouraging occupiers to explore pre-let opportunities ahead of construction and subject to planning consent.
Craig Semple, director at CBRE Scotland, said, “Eurocentral Gateway represents an exciting opportunity to bring high-quality industrial and logistics space to the market. Demand for prime accommodation across Scotland remains very strong, particularly in established locations such as Eurocentral, so this development will be a welcome addition for occupiers seeking modern, sustainable space. We are encouraging businesses to engage early and explore the potential for pre-let opportunities.”
Iain Davidson, director in Colliers’ industrial & logistics team, added, “With new supply of premium industrial space in the west of Scotland remaining tight, the development of Eurocentral Gateway with its exceptional connectivity, state-of-the-art specification and sustainability credentials will be a welcome opportunity for the sustained occupier demand we’re seeing in the market. The proposed design sets a new benchmark for industrial and logistics space along the M8 corridor, offering potential tenants a best-in-class operational property.”
Further information can be found at:
https://eurocentral.designworks-web.co.uk/
