The Annual Scottish Property Awards was held in Glasgow last week, with more than 600 guests attending. The highly anticipated Deal of the Year award, sponsored by PMP, was awarded to Knight Property Group.
The deal saw Wincanton, a leading supply chain partner for UK businesses, expand its Scottish operations by establishing a new distribution centre and securing a 15-year lease on a 126,960 sq ft speculatively developed unit at Belgrave Logistics Park in Bellshill, North Lanarkshire.
This landmark transaction was one of Scotland’s largest industrial deals of the year and the most significant letting of a speculative new build in the Greater Glasgow market since 2018.
James Barrack, Chairman and Founder of Knight Property Group said:
“Securing Wincanton for this deal was a significant achievement and being recognised at the Scottish Property Awards is a huge honour. Our commitment to developing top-tier speculative units in prime locations across Scotland remains a cornerstone of our ongoing strategy.”
The judges praised the project as a bold and speculative venture, well-conceived with a strong green design. They also highlighted the significance of the letting in the current constrained industrial market, acknowledging the impressive journey behind its execution.
Ryden and JLL were agents for Knight Property Group, whilst Savills represented Wincanton. Solicitors were Brodies and DWF. 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.
Now in its 12th year, the Scottish Property Awards is an independent competition that honours excellence in the real estate sector. This year, a panel of 13 esteemed industry experts reviewed over 40 projects to determine the winners. A full list of winners can be found at: WINNERS.
