Largest industrial pre-let for 5 years
Filshill partners with Canmoor in Westway Park move
Deal (l-r): Craig Semple, Derek Mackay, MSP for Renfrewshire North and West, Simon Hannah and Andrew McCracken
Wholesaler JW Filshill is to relocate to a purpose-built distribution centre at Westway Park near Glasgow Airport in Scotland’s largest industrial pre-let for five years.
Canmoor, a developer and asset manager in the warehouse and business space sectors, has agreed terms for the deal.
The agreement, which is subject to planning consent, will see a 120,400 sq ft distribution centre developed for Filshill, which will incorporate 10,000 sq ft of office space for its head office functions.
The development process is likely to take 18 months to complete.
Simon Hannah, managing director of Filshill, said the move would future-proof the business, secure employment and improve efficiencies.
“We can’t hold off waiting for Brexit,” he said. “We need to get ready for the next phase of group growth, keep ourselves relevant to the ever-changing market, ensure job security for our staff and continuously improve on providing service excellence to our customers – that’s all hugely important to us.
“Westway is an outstanding location for us, less than three miles from our current premises at Hillington and next to Glasgow Airport which will become increasingly important as we develop our international business in the coming years.
“Our business is successful because of our people, most of whom live in Renfrewshire, so finding new premises near their homes was a major consideration for us in choosing Westway.
“The facility is being built to our exact specification and will provide pallet capacity of 12,000 in a 14-metre high warehouse with 12 loading docks. There will also be 10,000 sq ft of fresh and chilled space to accommodate growth in this category and allow us to expand into the foodservice and on-trade sector in the future.”
Planning permission has been sought from Renfrewshire Council for the development of a 6.7-acre site on the south side of the park.
Filshill, one of Scotland’s oldest independent food and drink wholesalers, supplies 185 KeyStore convenience stores across Scotland and the north of England and is on track to report a turnover in excess of £155 million this year.
Growth has been fuelled by development of its core delivered wholesale business coupled with expansion of its craft beers and spirits business and international division, which exports Scottish-produced beer, spirits and other food products to the rest of the world, Asia-Pacific in particular.
Rob Large, director of Canmoor, said: “To have a company of Filshill’s calibre make such a substantial commitment to Westway is a tremendous endorsement, following the significant investment and improvements we have made since purchasing last year. We are delighted to be able to assist Filshill facilitate its exciting expansion plans which will provide real employment opportunities in the area.”
Commenting on the industrial market in Scotland, Andrew McCracken, director of JLL, who represented Canmoor, said: “The industrial market is now at a stage where requirements such as this can only be accommodated by taking a pro-active, forward-thinking approach, which is what is being done by Canmoor at Westway.
“We have witnessed new degrees of optimism in the Renfrewshire market.”
Westway is located in the heart of the Glasgow Airport Investment Area, which is one of the key City Deal projects that will benefit from £39.1m of inward investment over the next 10 years.
This will deliver significant infrastructure investment to the area including a new two-lane bridge over the White Cart, directly linking Westway with the investment area and airport.
Craig Semple, associate director of Avison Young, who represented Filshill, added: “Westway offers the perfect location for Filshill and the landlord’s positive approach has enabled this deal to progress smoothly and meet the company’s business needs.”