A joint venture between J. Smart & Co. (Contractors) PLC and Manse LLP has purchased a 10.5 acre site at McNeil Drive, Eurocentral, North Lanarkshire, to facilitate the development of 200,000 sq ft of new industrial accommodation with a Gross Development Value of c.£40 million.
The site is located just 20 minutes from Glasgow and benefits from an elevated position south of the new 6A junction on the M8, providing exceptional access and connectivity which is stronger than the original Eurocentral access.
The JV intends to develop two brand new industrial/distribution units of 80,000 sq ft and 120,000 sq ft respectively. The units will be built to the highest specification and will include eaves heights of 12.5 to 15m and 50m yard depths. The scheme has been designed with ESG principles in mind and will feature EV charging points, PV panels, LED lighting, energy monitoring systems, all whilst targeting BREEAM Excellent and EPC A ratings.
Colliers and CBRE are retained as letting agents.
Commenting on the acquisition, David Mitchell, Managing Partner of Manse LLP said
“We are very excited to have entered into this joint venture with J Smart & Co. They have a fabulous reputation for integrity, deliverability, and quality and I think that our mutual skills will produce a brilliant development.
This land is, in my opinion, the best, most prominent site available at Eurocentral. The estate is recognised as the prime industrial location in Scotland. So we will attract occupiers who want top quality accommodation on the best site, in the best location.
David Smart, Chairman and Joint Managing Director of J. Smart & Co. also commented
“This site at Eurocentral presents a unique opportunity to bring forward another best-in-class development in one of the most sought-after industrial locations in Scotland. Our team is committed to delivering an exceptional scheme that reflects both our high standards and the needs of the market.
We are thrilled to be working alongside Manse LLP, a partner with a strong track record and proven delivery capability. Together, we are focused on delivering innovative, high-performing, sustainable industrial space that meets the evolving needs of modern occupiers."
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