A £72 million package has been assembled to support the largest speculative forward funding deal for an industrial and logistics project in Scotland for 30 years.
It will deliver Orchard Park, a 40-acre development at the Eurocentral site alongside the M8, providing more than 350,000 sq ft of Grade A accommodation across five units ranging from 42,500 sq ft to 122,500 sq ft.
Development is scheduled to begin on site in the first quarter of 2027 with practical completion targeted for the second quarter of 2028.
Property adviser CBRE has brokered the agreement between a US-based investor and Newlands Developments, in association with Tulchan Development.
Bryce Stewart, senior director at CBRE and Iain Davidson, a director at Colliers, are the retained letting agents for the scheme.
Existing occupiers within Eurocentral span the distribution, logistics and office sectors, including DHL
and GXO Logistics.
The investment decision is underpinned by sustained occupier demand across Scotland’s industrial
sector, particularly within the Central Belt and along the M8 corridor, where vacancy rates remain
exceptionally low at approximately 2.5%.
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