PLANS for a major new industrial and logistics development of 353,000 square feet have been approved.
Glasgow-based Tulchan Developments and its partner logistics specialist Lumonics Developments LLP are working towards being on the Eurocentral site near Holytown next year after North Lanarkshire Council planners backed the proposals that include with five buildings on 24 acres.
Units will range in size from 42,500 to 122,500 sq ft and have a dedicated secure yard.
Gavin Robertson, Tulchan director, said: ‘’Logistics and distribution occupier demand remains strong and we are confident that the location and quality of product at Orchard Park will attract occupiers to allow a start of works on site going in to 2023.’’
Colliers and Montagu Evans are joint letting agents for Tulchan and Lumonics at Orchard Park, Eurocentral.
Iain Davidson, Colliers director, said: “Obtaining planning consent is a major milestone for Orchard Park. The development has been carefully considered to ensure it will appeal to as wide an occupier audience as possible.
“Given the shortage of industrial property availability, we expect Orchard Park to be well received by the occupier market and indeed are already in discussions with several potential tenants.”
Bryce Stewart, partner at Montagu Evans, said: “The development will deliver much needed stock in a range of unit sizes to market-leading specifications.
"North Lanarkshire is one of Scotland’s fastest growing economies, its transport links are first rate and set for further improvement and this is an important step forward in the growth of Scotland’s principal logistics park, which is currently 100% let.”
Occupiers in Eurocentral currently include DPD, XPO Logistics, Sheffield Insulation Group, Amazon, Evri (Hermes), BrewDog, News International, GIST, Wincanton, Scottish and Southern Energy, Morrisons, Warburtons, Lidl, Next, Mentholatum, Scania and NHS.
David Lonsdale: Taxing times ahead and no relief from ‘costs emergency’
WITH government spending facing its own inflation headache and demands for increased public sector wages, fiscal rectitude amongst policymakers is now the order of the day.
The new Chancellor’s Autumn Statement is due next week and there seems little doubt that substantial reductions in public spending and higher taxes are on the way.
Scottish fibre manufacturer poised for major leap in US expansion plans
A HAWICK-BASED manufacturer of fibre network cabling is gearing up for a major push into the US market as it makes the final preparations for the opening of its first factory across the Atlantic.
Emtelle is putting the finishing touches to a 300,000 square foot manufacturing site in Fletcher, North Carolina, from where it plans to significantly build its position across North America.
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