Friday, March 24, 2024
Highcross buys Westfield North Courtyard, Cumbernauld, for £5.5m
Highcross, advised by Jones Lang LaSalle, has completed the purchase of Westfield North Courtyard, Grays Hill Road, Glasgow for £5.55m reflecting a 7.1% net initial yield.
The multi-let industrial estate, located less than two miles from the Mollinsburn Interchange, comprises 22 units constructed in eight blocks around two courtyard areas. The development totals 150,000 sq ft (13,935 sq m) and tenants include Kent Pharmaceuticals, Laddaw Limited and SAS Holdings.
Highcross plans to make each of the 10 vacant units ready for immediate occupation, and will be applying a flexible approach to lettings at competitive rental rates.
Jones Lang LaSalle represented Highcross while Collingwood Rigby advised the vendor. Jones Lang LaSalle and Graham and Sibbald have been retained as letting agents on behalf of Highcross.
The multi-let industrial estate, located less than two miles from the Mollinsburn Interchange, comprises 22 units constructed in eight blocks around two courtyard areas. The development totals 150,000 sq ft (13,935 sq m) and tenants include Kent Pharmaceuticals, Laddaw Limited and SAS Holdings.
Highcross plans to make each of the 10 vacant units ready for immediate occupation, and will be applying a flexible approach to lettings at competitive rental rates.
Jones Lang LaSalle represented Highcross while Collingwood Rigby advised the vendor. Jones Lang LaSalle and Graham and Sibbald have been retained as letting agents on behalf of Highcross.
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