Scotland Industrial & Logistics Snapshot – January 2020

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10 03 20 scotland industrial

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

Key findings from our latest research include:

  • Take-up in Scotland reached 5.2m sq ft in 2019, which reflected a slight reduction of 3.2% on 2018’s activity of 5.4m sq ft
  • Occupier activity in Greater Glasgow topped 3m sq ft in 2019, up 17% y-o-y but 7% down when compared to the 5-year annual average
  • Take-up in Greater Edinburgh reached 1m sq ft, down 4% y-o-y
  • Supply in the Scottish market remains extremely constrained but this will not result in much speculative space being brought forward

10 03 20 industrial search

Scotland Industrial & Logistics Snapshot – January 2020

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Related Experts

Iain Davidson

Director

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 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; Lidl, DPD, Hermes, Wm Morrison Supermarkets, ACS Clothing, Mentholatum, Nagel Group 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.

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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Colin McManus

Associate Director

Glasgow

Enthusiastic member of the property profession who enjoys working with a variety of organisations and taking on new challenges. Colin joined the Glasgow Industrial & Logistics team in 2004. He is a member of the Royal Institution of Chartered Surveyors and the Industrial Agency Society.

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