Property group bags Bunzl for Bellshill – Scottish Business News

June 4, 2024 | by magnews24.com

KNIGHT Property Group has announced today that multinational distribution and outsourcing company Bunzl UK Ltd has leased a brand new 29,000 sq ft unit at the award-winning Belgrave Logistics Park in Bellshill.

Bunzl are relocating their Greenham Glasgow branch from nearby Uddingston.

The company has secured a 10-year lease for the brand new unit, which is strategically located in the heart of Scotland’s ‘golden triangle’ in North Lanarkshire.

This deal follows ‘hard on the heels’ of recent lettings to Wincanton, RES and Likewise, with only one unit of 35,000 sq ft now available at the park. 

James Barrack, Chairman and Founder of Knight Property Group added: “We are delighted to welcome Bunzl to Belgrave. Securing another high calibre tenant so quickly after the recent Wincanton deal underpins and reinforces our strategy of committing to the speculative development of the best units in the best locations across Scotland.

“With only one unit now remaining, this deal is a further vote of confidence for Belgrave and in Lanarkshire generally.”

The £55m Belgrave Logistics Park extends to 261,193 sq ft across five buildings. All units have been designed to a high specification, featuring high-performance composite wall and roof cladding. Each has dedicated yard and car parking. 

It stands out as one of the greenest industrial/logistics parks in Scotland, boasting ‘all-electric’ buildings with impressive environmental credentials such as an EPC rating of ‘A+’ and a BREEAM ‘excellent rating’. 

Gregor Harvie, Partner of Ryden said: “The completion of this deal is testament to Knight Property Group’s commitment to developing and successfully delivering high quality speculative developments in key geographical areas. Enquiries remain strong for the remaining unit.”

Ryden and JLL are agents for Knight Property Group, whilst Galbraith Group represented Bunzl.

The project architect was SPACE Solutions, the engineer was Fairhurst, QS/ CA was Axiom, Wallace Whittle were M&E, with the main contractor Clark Contracts. 

RELATED POSTS

View all

view all