Commercial Property News
Image default
Industrial Property News Scotland Property News UK Property News

Plans Submitted for 147,000 SQ FT Edinburgh Logistics Development

Industrial developer Chancerygate and specialist investor Bridges Fund Management have submitted plans for a significant urban logistics development in Edinburgh.

Named Capital Park and valued at £30m, the joint venture aims to develop 146,745 sq ft of Grade A urban logistics accommodation on a seven-and-a-half-acre site on Bankhead Avenue in Sighthill.

Commenting on the development, Chancerygate Development Director, Mike Walker, said: “Submitting a planning application for this site is another key milestone in bringing forward this development.

“We are very encouraged by the high interest we have received from potential occupiers to date. Once delivered, we believe Capital Park will be a best-in-class trade counter and multi-unit urban logistics development perfectly placed for Edinburgh’s increasingly active and dynamic SME sector.”

Capital Park will replace the vacant 90,000 sq ft office, ‘Grayfield House’ that is currently being demolished.

Located around five miles southwest of Edinburgh city centre, Capital Park will comprise 18 leasehold units ranging from 4.295 sq ft to 17,000 sq ft. A bespoke 15,000 sq ft unit is already under offer to a national builders’ merchant.

Bridges Partner Guy Bowden adds: “The rise in ecommerce is driving strong demand for urban and last-mile logistics sites. We’re delighted to partner with Chancerygate again, and we’re confident that Bridges’ extensive experience of delivering some of the most sustainable industrial developments in the country will help ensure that Capital Park is highly attractive to potential occupiers. Over time, this will support the growth of the local economy in Edinburgh.”

Agents for Capital Park are Galbraith & Co and Ryden.

Related posts

Birmingham’s Oldest Engineering Consultancy Undergoes Buyout

Dominic Gabriel

Award-winning Wine Merchant Secures new Headquarters

Dominic Gabriel

Plans Unveiled for New Units at £300m Durham mixed-use Scheme.

Dominic Gabriel