Healthy demand for modern industrial accommodation in the West of Scotland has seen developer J. Smart & Co. (Contractors) plc start construction of a first phase 20,000 sq ft speculative industrial unit at Belgrave Point, Bellshill. The development’s first phase, due for completion in May 2016, is being marketed for lease by Colliers International and JLL and will provide a prime located high quality industrial warehouse/manufacturing facility with dedicated yard.
Iain Davidson, director of Industrial & Logistics at Colliers International in Glasgow, said: “This is a much needed development given the way demand for high quality industrial space has soared in the last year, as the economic recovery takes hold. Built to shell specification, the building will provide occupiers with the unique ability to tailor offices and staff welfare facilities to their ideal size and specification.”
Occupying a strategic location on the popular Bellshill Industrial Estate, close to both the M8 and M74 motorways, and 10 miles east of Glasgow City Centre and 38 miles west of Edinburgh, Belgrave Point is likely to attract companies seeking high quality accommodation with unrivalled motorway connectivity. Nearby companies providing testament to Belgrave Point’s strategic location include DHL, Muller Wiseman Dairies, TNT and Devro.
J. Smart & Co. has a long-standing track record in building high quality industrial and office buildings across Scotland with tenants including Ceramic Tile Distributors, Accident Exchange, Royal Mail, Speedyhire and City of Edinburgh Council. In addition to phase one, Belgrave Point also offers additional land to accommodate bespoke ‘build to suit’ requirements of up to 80,000 sq ft.
David Smart, development director of J. Smart & Co., commented: “The industrial market in the West of Scotland continues to perform strongly and so, on the back of our recent lettings elsewhere in Glasgow, we have decided to commence this first phase of Belgrave Point speculatively. We have committed to providing a high quality, modern industrial/warehouse unit and are already encouraged by the level of interest.”