Rasul plans £5m business park from old containers
Contemporary business premises in Linlithgow
Investment firm SRA Ventures has launched a £5 million plan to create a business incubator park using disused shipping containers.
The proposed development at the Mill Road Industrial Estate, Linlithgow, will mean demolition of part of the former Arco building and refurbish it into seven trade counters. It is estimated that the site would accommodate 80 workers at capacity.
‘Project Contempo’ will be piloted ahead of rolling out the concept around the UK and intends to include trade counters, food outlets, workshop, and office space. It follows SRA’s previous success in Linlithgow with E-Net Park which was also a hub for ecommerce businesses.
SRA – owned by entrepreneur Shaf Rasul – said that significant interest has been generated from prospective tenants. He described Project Contempo as “a unique, mixed-use commercial development of a type that we believe has never seen before in Scotland. We think it will inject fresh life into the estate while significantly reducing the carbon footprint of occupants.
“Disposing of surplus shipping containers is an expensive and environmentally damaging process. Upcycling them is a much more ecologically-friendly and cost-effective alternative.
“The buildings will be designed to maximise natural light and therefore reduce energy costs in tandem with efficient LED lighting and solar panels that will meet most of the energy requirements of the development. We’re proud to be the first to bring this concept to the heart of Scotland.
“It’s a concept that also makes huge sense for SRA Ventures. The location is perfect and the exciting possibilities that this site offers is representative of our growing ambitions.”
SRA was advised on the acquisition by Alan Herriot of Ryden, while Joe Helps of Graham + Sibbald has been appointed along with him as joint agents for the trade counter aspect of the development.
Murray Stewart and Gregor Duthie of Gilson Gray advised on the legal aspects of the project.