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Jones Lang LaSalle Glasgow reports growing confidence in the industrial sector in the west coast of Scotland, with the announcement of two industrial property deals in quick succession.
Westfield Industrial Estate, Cumbernauld, has attracted a tenant to one of its newly renovated industrial units. PS Autogrinding, a grinding machines business for the metal founding industry, has purchased 10,000 sq ft of space at the site for £450,000. Jones Lang LaSalle acted on behalf of Valad Property Trust.
In Easter Queenslie, Jones Lang LaSalle orchestrated a deal on behalf of Bystone Estates Limited for flooring contractors, CL Flooring. The company has purchased Unit 56 Coltness Street, totaling 7,000 sq ft of industrial space, for £300,000.
Andrew McCracken from Jones Lang LaSalle’s Glasgow industrial team said:
“Securing two sales within quick succession highlights that the market continues to have an appetite for keenly priced and well positioned refurbished industrial stock.
“We currently have strong interest in the remaining refurbished units at Westfield Industrial Estate and in Easter Queenslie, which makes us confident that the run of lettings will continue in 2010.” | 