Units let at industrial site
Rasul finds tenants for Edinburgh property
The Shaf Rasul-owned firm has agreed pre-let terms for a unit at Bankhead Crossway South with Edinburgh-based Crystal S & Co, a supplier of oriental wholesale food – in a deal that will last 15 years.
Crystal S & Co, which has a £4m turnover, will relocate from nearby Bankhead Drive and will open a wholesale distribution cash and carry at the new site once a refurbishment programme is complete.
In a departure for the business, it will also be open to the public.
Alexander (Scotland) & Co Ltd has also signed a pre-let for the neighbouring unit over five years which will return the property to full use for the steel stockholder.
SRA Ventures is embarking on a three month refurbishment programme that will bring the two units back into repair.
Mr Rasul said of the new pre-let agreements: “Demand from large-scale users remains high. It was no surprise to me that tenants were then quickly secured.”
Jing Shen, Company Director of Crystal S & Co, said: “This is a hugely important strategic move for the business, and we were pleased to agree terms with SRA.”
Photo: Shaf Rasul and Jing Shen (contributed)