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Units let at industrial site

Rasul finds tenants for Edinburgh property

Shaf RasulProperty investment company SRA Ventures has secured cash and carry tenants for property acquired on an Edinburgh industrial estate.

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)

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