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Gartcosh Industrial Park expansion fuelled by buoyant industrial and logistics demand

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North Lanarkshire has cemented its position as a key strategic location, with the news that construction has started on an extension to the Gartcosh Industrial Park. The development of a further two high specification industrial units follows last year’s completion of Phase One and the news that DX Network Services, the logistics services company, has become its first tenant.


Gartcosh Industrial Park is a joint venture between Fusion Assets Ltd and J. Smart & Co. (Contractors) Plc and the two Phase Two units now being built will offer 16,000 sq ft and 24,500 ft respectively, once completed later this year.

The demand for industrial and logistics space in the Central Belt is strong, with an urgent requirement for high specification buildings.

Iain Davidson, director of Industrial & Logistics at Colliers in Glasgow, who is marketing the development, said: “The construction of Phase Two is excellent news and, given extremely low existing supply, this will be welcomed by the occupier market.

“As businesses continue their focus on increasing capacity and driving efficiencies, speculative developments in strategically important locations, such as Gartcosh Industrial Park, will play an ever-increasing role.”

Murray Collins, Managing Director of Fusion Assets, added: “This latest development reaffirms our commitment to regenerate and create long-term economic opportunities across North Lanarkshire. The Park’s location is unparalleled and we are confident this area will continue to grow in the coming years.”

Jane Oliver of J. Smart & Co. (Contractors) PLC concluded: “We are looking forward to evolving our partnership with Fusion Assets by providing two more high quality buildings in a location that offers fantastic connectivity required by modern occupiers.”

Phase Two of Gartcosh Industrial Park is located on Bothlin Road, Gartcosh, Glasgow G69 8GD.

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Iain Davidson

Director

Industrial and Logistics

Glasgow

Iain has a wealth of experience in the Scottish commercial property market, specialising in Industrial and Logistics real estate. He is in an expert in providing acquisition, disposal, development and general agency advice to a wide range of private and public sector clients ranging from developers, occupiers, institutional investors and private clients. During a career spanning over 20 years, Iain has and continues to be involved in most of  the highest profile industrial property deals in Scotland.

Representative clients and projects include: 

Frasers Property/Oaktree/Patrizia - Appointed in 2015 as Letting agents & development advisors on Scotland's largest and most established business estate, Hillington Park, totalling 2.5m sq ft and benefitting from Scotland’s first and only Simplified Planning Zone.

Canmoor - Letting agents on the 1.6m sq ft Westway Park, Renfrew, Scotland's largest fully enclosed industrial park.

Eurocentral - Advised on various lettings, sales and acquisitions on Scotland's premier distribution park. Brokered deals to a variety of well known organisations, including; NHS, Lidl, DPD, Hermes, Wm Morrison Supermarkets, ACS Clothing, Mentholatum, Nagel Group, SB Components, LumiraDX and DX.

Prologis - Provision of development and letting agency advice on 1m sq ft prime industrial scheme known as Prologis M8 in Lanarkshire.  504,000 sq ft and 175,000 sq ft pre-lets to the Co-operative and Brakes respectively.

The Co-operative - Successfully secured mandate to dispose of UK wide portfolio of surplus warehouses totalling 3m sq ft. Approx. 1 m sq ft transacted in Scotland.

Logicor - Letting of Scotland's largest ever speculatively built warehouse; 380,000 sq ft at J4M8 to Amazon. Neighbouring 240,000 sq ft building sold to Schuh.

Freescale Semiconductor Inc - Sale and partial leaseback of 800,000 sq ft manufacturing facility in East Kilbride, Glasgow. Subsequent sale of the 31 acre site in 2021 to Copart on behalf of Clowes Developments.

Asda - Sale of 250,000 sq ft distribition warehouse facility in Grangemouth.

St Modwen Properties plc - Provision of acquisition advice for purchase of 32 acre former Rolls Royce facility at Hillington, Glasgow.  Retained to provide Agency advice on 750,000 sq ft estate, rebranded Pegasus Business Park subsequently sold whole site to MEPC. 

 

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Suzy Simpson

Head of Content, Communications and PR

PR

London - West End

As Head of Content, Communications & PR for Colliers in the UK, I am responsible for driving the strategic direction of corporate communications, media relations, and the programming and production of multi-channel content to engage external and internal audiences across the UK.

Get in touch for help with: 

  • Content Communication Strategy 
  • Media Relations
  • Corporate & Internal Communications
  • Media Training & Personal Brand Training

 

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