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Tuesday, March 25, 2024

Ground broken on 33m Hamilton project

The first spade has hit the ground on the site of the final building in Hamilton International Park's phase two expansion plans.

Tom McCabe, MSP for Hamilton South, attended the 'sod cutting' ceremony to officially launch construction work on the 80,000 sq ft Ochil House.

Sited in an elevated position, Ochil House will be the largest building at the Park at 80, 416 sq ft when it is completed in Summer 2009 and will enjoy exceptional views over Central Scotland. The four-storey building will benefit from underground parking and provide grade A flexible office space to suit a variety of needs.

The last building in Hamilton International Park's (HIP) phase two expansion plans has already been snapped up by an investor syndicate. A Chancery partnership investor syndicate has purchased Ochil House for a total of 33million, demonstrating the ongoing attraction of HIP as both a business destination and investment location.

William Hill, managing director of HF Developments, said: "It's great to see construction work get underway on this, the last and biggest building in our phase two expansion plans, and we?re delighted that Tom could be here to officially cut the first piece of turf.

"The expansion plans have progressed quickly and many of the new developments have been acquired by investors, demonstrating the success of the Park both as a key investment and working location.

"We will continue to invest and expand, ensuring that Hamilton International Park remains the destination of choice for local, regional and international businesses looking to locate in the heart of central Scotland."

Recent investment at the Park has included the development of a new 5.25m Retail Parade, the addition of the new-build 24,000 sq ft Fenick House and 39,000 sq ft Fintry House, and the provision of free bus travel for park tenants.

Tom McCabe, MSP for Hamilton South, added: "This is a significant development for the area and I am pleased to be here to officially mark the commencement of the construction work. In addition to the creation of several thousand jobs, the expansion of the business park has helped boost the local economy and I'm sure there will be no shortage of interest in the latest offering from Hamilton International Park."

DTZ, Lambert Smith Hampton and Cushman & Wakefield are retained letting agents for the available office accommodation at Hamilton International Park.