Two sites seeking tenants
Rasul plans investment in industrial units
An Edinburgh-based property investment specialist plans to regenerate two substantial industrial estates after buying both in a multi-million pound deal.
SRA Ventures – founded and owned by Scots entrepreneur Shaf Rasul (pictured) – has taken control of Bowmains Industrial Estate in Bo’ness and Lochside Court Industrial Estate in Dumfries.
Both estates will now receive significant investment as SRA, part of the E-Net Group, looks to attract new tenants.
Legal firm Gilson Gray was instrumental in progressing the deals, and is now providing key advice to SRA on an additional £10 million of transactions, expected to be concluded in the next three months.
SRA Ventures owns and manages a diverse range of industrial, retail, commercial and mixed use asset properties across Scotland.
It focuses on under-performing commercial assets – and Mr Rasul believes that Bowmains and Lochside Court will generate significant on-going value through the leveraging of SRA’s strong network of relationships.
He said: “Together, these deals represent a major strategic investment for SRA Ventures, and another exciting addition to our property portfolio.”
