Colliers International has let 16 Palacecraig Street, Coatbridge ML5 4RY to SES Holdings (UK) Limited, the rail to mining engineering services company, on behalf of a private investor. The property, let on a five-year lease at an annual rent of £32,900, incorporates two detached steel-framed industrial workshops and office accommodation, a total of 6,266 sq ft (582 sq m), in addition to a secure yard.

Iain Davidson, director of Industrial & Logistics at Colliers International in Glasgow, said: “Palacecraig Street is ideally located, with easy access to Scotland’s motorway network. The property offers excellent flexibility and great value and we are delighted to see SES Holdings bring further activity to the area.”

Colliers International is also marketing a variety of other industrial buildings within Palacecraig Street, ranging from 16,000 to 50,000 sq ft.