Developer Manse and contractor J Smart & Co have formed a joint venture (JV) to deliver more than 200,000 sq ft of industrial and logistics (I&L) space at Eurocentral business park, between Glasgow and Edinburgh.
Eurocentral Gateway
The JV has submitted a planning application to North Lanarkshire Council for the proposed scheme, Eurocentral Gateway, comprising two industrial buildings of approximately 80,000 sq ft and 120,000 sq ft.
With a continued shortage of new prime I&L accommodation across Scotland’s Central Belt, and a record low vacancy rate along the M8 corridor of about 2.5%, the development is expected to attract strong interest.
CBRE and Colliers have been appointed joint letting agents for the scheme.
“Eurocentral Gateway represents an exciting opportunity to bring high-quality I&L space to the market,” said Craig Semple, director at CBRE Scotland.
“Demand for prime accommodation across Scotland remains very strong, particularly in established locations such as Eurocentral, so this development will be a welcome addition for occupiers seeking modern, sustainable space.”
Iain Davidson, director in Colliers’ I&L team, added: “With new supply of premium industrial space in the west of Scotland remaining tight, the development of Eurocentral Gateway with its exceptional connectivity, state-of-the-art specification and sustainability credentials will be a welcome opportunity for the sustained occupier demand we’re seeing in the market.
“The proposed design sets a new benchmark for I&L space along the M8 corridor, offering potential tenants a best-in-class operational property.”
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