Page 10 - KPG Activity Portfolio 2024 hires nov24

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DEVELOPMENT OF THE YEAR

BELGRAVE

LOGISTICS PARK

PHASE 3

B E L L S H I L L

LAND ACQUISITION, SPECULATIVE
DEVELOPMENT AND LETTING

This 16 acre site was acquired in January 2021 and the
existing production facility was quickly demolished, with a
brand new £55m speculative 261,193 sq ft logistics facility
being developed over three phases.
Phase 3 consists of a 126,960 sq ft high-specification which
has recently been let on a 15-year agreement to leading
supply chain partner for UK business, Wincanton, for a new
distribution centre – the deal is one of Scotland’s largest
industrial transactions in the past year.
The unit has achieved an EPC rating of ‘A’ and target BREEAM
‘Excellent’, along with a range of further sustainability
credentials making Belgrave Logistics Park one of the
greenest industrial/logistics parks in Scotland.

Client
Knight Property Group

Value
£25m
Contract
48 weeks
Size
8 acres with 1 unit – 126,960 sq ft
Tenant
Wincanton Holdings Limited

8 CURRENT ACTIVITY