The newly refurbished warehouse becomes Belgrade’s first branch north of the border and has been secured on a ten-year lease at £4.50 per sq ft. Offering 24,512 sq ft (2,277 sq m), the property also comprises two-storey office accommodation and secure yard.

Iain Davidson, director of Industrial & Logistics at Colliers International in Glasgow, said: “We are delighted to have secured Belgrade Insulations as tenants for this high quality building. The deal highlights the improving demand for good quality, well located modern accommodation, the supply of which is now becoming significantly eroded in prime industrial areas.”

The property is situated within Tannochside Park and in close proximity to the M8, M73 and M74 motorways.

Michael Steel & Co represented Belgrade Insulations Limited.