The company has secured a 15-year lease for this centre. This transaction which has been agreed with developer and landlord, Knight Property Group, marks one of the largest industrial deals completed in Scotland this year and the largest letting of a speculative new build since 2018 for the Greater Glasgow market.
This agreement underscores Wincanton's ongoing expansion and dedication to Scotland. Building upon the successful establishment of their Scottish Gateway hub in Motherwell just last April, covering an impressive 153,000 sq ft. This new distribution centre in Bellshill strategically compliments their operations. Situated a mere six miles from the Motherwell hub, it is positioned to meet the needs of a growing clientele, reinforcing Wincanton's commitment to improving operational effectiveness and service offerings across the country.
Derek Stirling, Country Manager for Scotland at Wincanton said: "This new distribution centre, our second in Scotland within two years, reinforces our long-term commitment to Scotland and promises enhanced services and efficiencies for our customers and partners across the country.
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"We are delighted with the high-quality space and accessibility of our new facility at Belgrave, conveniently located in close proximity to our existing hub in Motherwell."
James Barrack, Chairman and Founder of Knight Property Group stated: "Securing Wincanton for the largest unit at Belgrave underpins and reinforces our strategy of committing to the speculative development of the best units in the best locations across Scotland. With lettings already secured with Likewise Group and RES at the park, the last two units are seeing high levels of interest and we hope to be able to place them under offer very soon."
Belgrave Logistics Park, a £55 million brand new speculative development by Knight Property boasts a total area of 261,193 sq ft across five buildings.
Wincanton's unit features high-performance composite wall and roof cladding, an internal height of 12 meters, four level access doors, and 16 dock levellers. Additionally, it includes a 2,870 sq ft office space, 63 car parking spaces, and an expansive 55-metre deep yard.
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'. The park also features electric car charging points, solar photovoltaic panels, energy-efficient LED lighting, heat recovery air conditioning, and water management systems for conservation.
Ryden and JLL are agents for Knight Property Group, whilst Savills represented Wincanton. Alan Gilkison, Managing Partner of Ryden said: "This deal represents one of the largest industrial transactions to be concluded in Scotland over the past year, showcasing Knight Property Group’s commitment to delivering quality speculative developments in key geographical areas. With three out of the five units already let at Belgrave Logistics Park, strong occupier interest is noted for the remaining space."
Ross Sinclair, Director of Savills stated: "It was a pleasure to see Wincanton and Knight act transparently and expediently throughout this transaction as this was critical in achieving the eventual successful outcome to meet the objectives of Landlord and Tenant alike."
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.
