Eurocentral warehouse sold in £11m off-market deal
The unit is let to Scania
A warehouse unit at Eurocentral, let to the Swedish commercial vehicle manufacturer Scania, has been acquired off-market by a private investor in a deal in the region of £11 million.
The 43,598 sq. ft. property has been let to Scania on a 15-year deal to form its Scottish headquarters and warehouse facility serving the country. The property has been developed by UK developer West Ranga Property Group.
Knight Frank represented the buyer and Lismore Real Estate Advisors acted on behalf of West Ranga Property Group.
The building is among the most sustainable sheds in Scotland, hosting a range of energy efficient features including an air source heat pump system, electric vehicle testing and charging, photovoltaic panels, and high-performance windows to maximise natural daylight.
Euan Kelly, capital markets partner at Knight Frank Edinburgh, said: “This asset was a relatively rare opportunity to acquire a prime industrial unit at Scotland’s top logistics hub.
“This is a unique property secured on a long-term lease with good prospects for rental growth in a sector that is firing on all cylinders – not only in Scotland, but across the UK.