The development of a further two units at Gartcosh Industrial Park in North Lanarkshire follows last year’s completion of phase one and the news that logistics heavyweight DX Network Services has become its first tenant.
The industrial park is a joint venture between Fusion Assets and J Smart & Co and the two phase two units now being built will offer 16,000 square feet and 24,500 ft once completed later this year.
Developers said the demand for industrial and logistics space in the Central Belt remained strong, with an “urgent” requirement for high specification buildings.
Iain Davidson director of industrial and logistics at Colliers in Glasgow, who is marketing the development, said: “The construction of phase two is excellent news and, given extremely low existing supply, this will be welcomed by the occupier market.
“As businesses continue their focus on increasing capacity and driving efficiencies, speculative developments in strategically important locations, such as Gartcosh Industrial Park, will play an ever-increasing role.”
Murray Collins, managing director of Fusion Assets, said: “This latest development reaffirms our commitment to regenerate and create long-term economic opportunities across North Lanarkshire. The park’s location is unparalleled and we are confident this area will continue to grow in the coming years.”
Jane Oliver of J Smart & Co (Contractors) added: “We are looking forward to evolving our partnership with Fusion Assets by providing two more high quality buildings in a location that offers fantastic connectivity required by modern occupiers.”