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Scotland Industrial & Logistics Snapshot – Autumn 2020

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10 03 20 industrial search

This snapshot takes a look at key metrics in the industrial and logistics market in Scotland.

Key findings from our latest research include:

  • Demand has been strong throughout the COVID-19 pandemic and we expect this to continue by virtue of increased online commerce together with more localised storage and production.

  • Whilst it would be naive to think the sector may be totally immune to the economic fallout, tight supply is continuing to bolster rents and values

  • We are likely to see take-up levels impacted as occupiers struggle to find suitable premises. We therefore need a much stronger development pipeline and fast.

For more information, please contact Iain Davidson or Lewis Pentland or view our Industrial & Logistics page. 


10 03 20 industrial search

Scotland Industrial & Logistics Snapshot – Autumn 2020

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Related Experts

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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Lewis Pentland

Director

Industrial and Logistics

Edinburgh

Industrial & Logistics property specialist, based in Edinburgh with a focus on the east of Scotland - covering acquisition, disposal, development and general agency advice.

Considerable experience across various other sectors, including disposal and acquisition/re-gear of city centre and business park offices, development land disposals and Scotland wide retail disposals.

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