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colliers international

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BDC 317 : Jun 2024

colliers international

Canmoor drives Scotland’s largest lockdown industrial deal with Malcolm Group at Westway Park, Renfrew

Canmoor is delighted to announce that Malcolm Group has agreed terms for 67,000 sq ft of warehouse space at Westway Park in Renfrew. The deal represents the largest lockdown industrial deal to be concluded in Scotland so far. Malcolm Group, one of the UK’s most successful logistics, construction and maintenance services companies, will use Block E3 for short-term storage requirements. Rob Large, director of Canmoor said: “Westway continues to offer the ideal property solution for prestigious occupiers like Malcolm. We always adopt a practical and ‘can do’ approach and were able to provide the right product and terms to meet Malcolm’s key business requirements.” Iain Davidson, of joint agent Colliers International added: “Malcolm has a long history with Westway and was attracted by the quality of space, as well as the great location and flexibility. The space requirement was time-sensitive and we were able to conclude the deal within six days of viewing.” Norman Pollock, of Pollock Property Advisors, who represented Malcolm, said: “Malcolm had an immediate need for storage space in a secure and well-connected location. Westway was quickly able to provide the perfect space solution, less than three miles from Malcolm’s headquarters at Linwood.” Westway offers excellent connectivity to the whole of Central Scotland, with Junction 27 of the M8 only 3 minutes drive away. The park is located in the heart of the Glasgow Airport Investment area, which is one of the key City Deal projects that will benefit from £39.1m of inward investment over the next 10 years. This will deliver significant infrastructure investment to the area including a new two-lane bridge over the White Cart, directly linking Westway with the investment area and airport. Other key occupiers at Westway include Doosan Babcock, AMG Group, JW Filshill, Malin Fabrication, the NHS and Strathclyde University. Westway joint agents are Colliers International and JLL. The Malcolm Group was represented by Pollock Property Advisors. 

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Plans for massive logistics centre unveiled – The New Amazon Warehouse by the A66 takes shape

Plans for a massive logistics centre believed to be for online retailer Amazon have been unveiled by its developer. It is thought the online giant could create up to 3,500 jobs with the 1.6m sq ft logistics fulfilment centre next to the A66 in Darlington. The identity of the site’s operator has not been officially confirmed but national logistics developer db symmetry has secured a £120m letting at Symmetry Park and said the tenant is a ‘world-leading retailer’. Now db symmetry, in partnership with landowners Durham Cathedral, has unveiled how the development will look when finished, bringing a major economic asset to the Tees Valley. Construction for Symmetry Park is gaining momentum with the steelwork already completed for the first phase of the £100m logistics and distribution hub. ISG Construction is main contractor for the building. Symmetry Park, Darlington is a 90-acre site located on the A66, seven miles from Junction 57 of the A1 motorway and 20 miles from Tees Port. Since acquiring the site last November, db symmetry has secured planning consent for over 1.6m sq ft of B1, B2 and B8 uses and intends to gain outline consent for a further 500,000 sq ft on the remaining 37 acres. db symmetry recently hosted an event in Newcastle to officially launch the scheme to North East agents representing the potential occupier market with a strong marketing drive to showcase the key attributes of the site in terms of specification and location. With the potential to create around 3,500 new jobs and contribute £180m to the regional economy, the developer said Symmetry Park Darlington is a significant new asset for regional and national investment. Andrew Dickman, director at db symmetry said: “We are pleased to formally bring Symmetry Park Darlington to market as an exceptionally strong proposition to those seeking a base in the North East. Having already pre-let a significant proportion of the site to a high calibre operator, we are in a strong position with funding in place and full site infrastructure construction underway. “We can offer bespoke design and build options from 50,000 sq ft to 500,000 sq ft and potential for roadside amenities in the form of a hotel, a petrol filling station, drive through, restaurants and offices.” Colliers International is jointly advising db symmetry with Gent Visick and Carter Jonas. Durham Cathedral was represented by Carter Jonas. The project team includes Lichfields, GVA, Harris Partnership, JPG and Desco.

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