Commercial Property News

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Thursday, December 06, 2023

Colliers CRE cleans up with Starlaw disposal

Starlaw Park, a high-specification development off J3a at Livingston, has been sold by Colliers CRE on behalf Adam & Company Property Partnership. The 41,150 sq ft property has been acquired by Scottish Enterprise Edinburgh and Lothian (SEEL), for 2.2m, to spearhead its drive to provide state-of-the-art self-contained cleanroom facilities for nanotechnology, micro and optoelectronics companies.

Bryce Stewart, director logistics and industrial, Colliers CRE, commented: "The property provides excellent facilities in a strategically important location. This is a further significant disposal for Kenmore, acting on behalf of Adam & Company, and offers SEEL an opportunity to develop a facility of real benefit and competitive advantage to growing Scottish companies. It?s great news for Livingston."

Gregor Martin, director of asset management at Kenmore Property Group, said: "We are delighted at this most recent sale, which was very much in line with our business plan for the portfolio. The sale proves Livingston is still a popular location for growing businesses."

James Barr acted as joint agents with Colliers CRE.