Family-owned Spectrum Properties has purchased its latest industrial facility in Glasgow to help meet rising demand for space needed to service home deliveries amid the continuing rise of online shopping.
The business has taken a 25,000sq ft former factory on the Dixon’s Blazes Industrial Estate in a deal worth approximately £800,000, with a further £500,000 earmarked for refurbishment.
Spectrum managing director Bill Roddie said the renovations will include re-roofing, re-cladding and new wiring, with work expected to begin this month. The unit will be sub-divided into four facilities ranging in size from 3,000 to 10,000sq ft.
READ MORE: The Shedman cometh in lockdown demand
Spectrum - which operates all over Glasgow, Edinburgh and Stirlingshire - acquired the property from national drinks wholesaler Matthew Clark Group. The group was disposing of the property following a reorganisation.
Mr Roddie said that there was a noticeable shortage of good industrial property in the Glasgow area as markets continue to evolve to accommodate changing consumer patterns and demands.
“There is a significant appetite for space for parcel delivery businesses, which are expanding rapidly to deal with the enormous upsurge in online retail, especially since March last year when the pandemic changed everything," he said.
READ MORE: ‘Supercharged’ demand flagged amid building work on former steelworks site
“Similarly, because so many people are spending so much of their time at home, there has been a huge increase in companies looking for space to provide products such as replacement windows and doors, garden furniture, sheds and home improvement."
Set up by Mr Roddie in 1988, Spectrum has a portfolio valuation of £60 million and annual turnover of more than £5m. Commercial property comprises 70 per cent of group holdings.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here