Commercial Property News

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Wednesday, January 30, 2024

RDT aquires prime Glasgow site

James Barr has successfully negotiated the acquisition of a leasehold interest at 44 Fullarton Drive, Cambuslang Investment Park, on behalf of precision engineering company RDT.

The 38,347 sq ft modern warehouse was acquired from Lewmar Limited which was advised by Colliers CRE. RDT's existing premises in East Kilbride will now be brought to the market on a 'For Sale' basis by James Barr in due course.

Eddie Young, Managing Director of RDT, commented: "We are currently experiencing significant growth and are delighted to have secured this high quality premises in a prime area of Glasgow. We have several new contracts underway and are pleased to be able to move our business forward at Cambuslang."

Commenting on the transaction, Yan Stewart of James Barr said: "RDT asked us to source a modern building within the Glasgow area which would allow them to virtually double their occupation in the Central Belt. Having identified various options, 44 Fullarton Drive was ideal for our client's occupational needs."

Iain Davidson of Colliers CRE added: "We are delighted to have agreed a deal which releases our clients from a significant rental liability on a building that had become surplus to their operational requirements. We hope that such a significant deal so early in the New Year bodes well for the industrial market in 2008."