Newrest All Limited acquires new premises at West Edinburgh Business Park
Phase 2 now started
Newrest All Limited, a leading airline catering company, has leased premises at West Edinburgh Business Park, one of the latest industrial developments by J. Smart & Co. (Contractors) PLC. The premises extend to approximately 916 sq m (9,862 sq ft) and are let on a 10-year lease, based on a rent of £7.50 per sq ft.
With more than 85% of Phase 1 now let, there is also strong interest in the final 306.61 sq m (3,300 sqft) unit.
J. Smart & Co. has now started Phase 2, which will provide a further two terraces of modern industrial space extending to 2,440 sq m (26,264 sq ft), with unit sizes from 305 sq m (3,283 sq ft). Phase 2, which will be available for occupation towards the end of 2017, benefits from Use Classes 4, 5 and 6, with ancillary retail/trade counter consent. Bespoke design and build opportunities up to 1,858 sq m (20,000 sq ft) can also be accommodated on Phase 3.
West Edinburgh Business Park is situated on the south side of South Gyle Crescent, one of the principal arterial routes through South Gyle, to and from the City Centre and Sighthill Industrial Estate.
Duncan Tait of J. Smart & Co. (Contractors) PLC. stated: “We are delighted to welcome another tenant to West Edinburgh Business Park, attracted by the excellent transport links and proximity to Edinburgh Airport. We are also pleased to announce commencement of our Phase 2 development which will deliver further much needed modern industrial accommodation in Edinburgh.”
Niall Burns, Partner at Burns & Shaw, added “This latest letting and the level of interest we have in Phase 2 highlights the continuing demand from occupiers for modern well located units in and around Edinburgh”.
Bryce Stewart, Director of Industrial & Logistics at Colliers International, concluded: “The commitment from J. Smart & Co. to commence Phase 2 will be welcomed by the property market, as the level of stock is diminishing very quickly now with good quality accommodation thin on the ground.”
Further information can be obtained from joint agents Burns & Shaw Property Consultants and Colliers International.