Brown McFarlane relocating
Maxim office park grows occupancy
Maxim Office Park has announced Brown McFarlane, one of the UK’s leading specialist steel plate distributors, processors and traders, as its latest occupier.
Brown McFarlane has taken a total of 1,410 sq ft on the second floor of the Maxim 3 building on a five-year lease at a rental of £14.50 per sq ft.
Previously based at Panorama Business Village in the east end of Glasgow, the company plans to use its new premises at Maxim to grow its Scottish services and continue its international relations. Following fit out works in July, staff are expected to occupy the space in August.
Craig Ritchie, director at Maxim Office Park, said: “Brown McFarlane’s move to the Park follows the recent relocation of global supplier of IT and document services, Ricoh, and I’m confident that tenants of such high calibre will attract further companies to consider Maxim.”
Founded in 1889, Brown McFarlane offers one of the largest selections of steel products and services in the industry and has recently invested over £2 million on state of the art equipment. Its products are used in energy, mining and quarrying, offshore and general engineering applications.
Peter Brown, finance director at Brown McFarlane, said: “While our main warehousing facility is located in Stoke-on-Trent, as a Scottish company, we are keen to maintain and grow our presence in the Scottish market as well as service our customers in the rest of the UK and abroad. Our move to Maxim fits well with our growth aspirations and supports our aim to modernise and transition from traditional steel stockholder and profiler to integrated solutions provider.”
The steel company joins a growing number of organisations operating from the Park including biotechnology companies TC BioPharm and Lamellar Biomedical, which have created laboratory space in their suites, SEPA, Wills Bros, Allied Glass, Document Data Group, SureThing, Proact IT, Regus and Balfour Beatty. Furthermore, Maxim Office Park is situated in the hugely successful Eurocentral area which is home to FedEx, Laing O’Rourke and Amazon.
Spec development sold
Scarborough Muir Group has sold its Aquarius Court office investment at Queensferry One to Hamcap (Strathclyde) BP for £1.22m.
The Grade A specified building, developed speculatively by Scarborough Muir, is fully let and occupies a prime location within the £250 million Queensferry One development, which spans 120 acres and lies adjacent to Queensferry Crossing (the UK’s tallest bridge) on Rosyth’s waterfront.
Aquarius Court, at 17,216 sq ft, is built over two open plan floor plates and is currently occupied by QinetiQ, Parsons Peebles Group, Epoint Embedded Computing and Core Assets Scotland.
William McAlister of Scarborough Muir, said: “The sale of Aquarius Court is indicative of the attractive location, now further improved by the increased connectivity of the Queensferry Crossing, quality tenant mix and excellent prospects for rental growth.
“The investment was seriously considered by four investors which reflects the increasing confidence the market has in Rosyth Waterfront as a commercial hub in Fife and that aligned with the scarcity of quality office stock are the driving forces behind investor demand.”
Scarborough Muir Group was advised by Redpath Bruce; Hamcap (Strathclyde) BP was unrepresented.