Weekly News
Construction begins on £50M speculative North Lanarkshire development
Knight Property Group has appointed Fife-based Muir Construction as the main contractor on the first two phases of its speculative development at Belgrave Logistics Park, in Bellshill, North Lanarkshire.
Planning consent was recently granted and works have commenced at the brand new £50M development on the 14-arce site of the former Devro manufacturing facility.
The first two phases will comprise four high-quality warehouse units of 1,782m2, 2,719m2, 3,185m2, and 4,496m2 respectively. A final fifth unit of 11,779m2 will follow in phase three.
The project’s green credentials include electric car charging points, solar photovoltaics panels to the roofs, all electric heat recovery/air conditioning in the offices, while all electricity for the units will come from a 100% renewable source.
Knight Property Group Managing Director Howard Crawshaw said: “We are pleased to see Muir Construction commence works on the first two phases at this exciting new logistics park.
As well as having a host of sustainability features, this development has the potential to bring much-needed business and employment opportunities to the area.”
“We are confident that it will generate strong interest, as there remains significant demand in the market for this type of property and occupier requirements remain strong, particularly around Scotland’s ‘golden triangle’ where the development is located.”
Belgrave Logistics Park is situated within the Bellshill Industrial Estate with transport links and quick access to the A725 dual carriageway, which provides direct access to the M8 motorway between Glasgow and Edinburgh and also the M74 which is Scotland’s main road link south.
