Tuesday, March 28, 2024
Gladman Acquires Second Major Site in Scotland
Gladman Developments has acquired a 20 acre (8.098 ha) site in Scotland's Central Belt for a speculative development of offices and industrial units. Advised by the Glasgow office of James Barr, Cheshire-based Gladman Developments has paid an undisclosed sum for the Eliburn Campus site in Livingston, close to Junction 3A of the M8. The vendor is Texas Instruments Limited, which was advised by Montagu Evans.
This is Gladman Developments' second deal in this area in the past three months. In January, less than five miles from Eliburn Campus, it acquired a 33.5 acre site at J4 M8 Distribution Park, where it is about to submit a planning application for, at 600,000 sq ft, Scotland's largest speculative industrial and distribution warehousing scheme. Yan Stewart, Director at James Barr also advised on this deal.
At Eliburn Campus, following a master planning phase, Gladman will submit a planning application for a range of speculative office buildings from 2,200 sq ft to 25,000 sq ft and for a number of smaller industrial units of up to 40,000 sq ft, which will be available both on a feuhold and leasehold basis.
The site, which is bounded by the A705, is already allocated for employment purposes and is adjacent to the Chameleon Business Park, which has already been successfully developed out, including a 17,000 sq ft pre-let to Atos Origin. Land to the other side of Gladman's new site has been acquired by Tepnel Scientific Services Ltd for a 14,000 sq ft D&B; project.
Gladman Developments is one of the UK's largest developers of offices and speculative industrial and distribution warehouses with an annual turnover of more than £100 million.
At present it has 6.2 million square feet of speculative distribution and industrial space under construction or in planning, as well as more than 1 million sq ft of speculative office accommodation.
This is Gladman Developments' second deal in this area in the past three months. In January, less than five miles from Eliburn Campus, it acquired a 33.5 acre site at J4 M8 Distribution Park, where it is about to submit a planning application for, at 600,000 sq ft, Scotland's largest speculative industrial and distribution warehousing scheme. Yan Stewart, Director at James Barr also advised on this deal.
At Eliburn Campus, following a master planning phase, Gladman will submit a planning application for a range of speculative office buildings from 2,200 sq ft to 25,000 sq ft and for a number of smaller industrial units of up to 40,000 sq ft, which will be available both on a feuhold and leasehold basis.
The site, which is bounded by the A705, is already allocated for employment purposes and is adjacent to the Chameleon Business Park, which has already been successfully developed out, including a 17,000 sq ft pre-let to Atos Origin. Land to the other side of Gladman's new site has been acquired by Tepnel Scientific Services Ltd for a 14,000 sq ft D&B; project.
Gladman Developments is one of the UK's largest developers of offices and speculative industrial and distribution warehouses with an annual turnover of more than £100 million.
At present it has 6.2 million square feet of speculative distribution and industrial space under construction or in planning, as well as more than 1 million sq ft of speculative office accommodation.
<< Latest news main page