NAI Gooch Webster - Industrial Development - Lanarkshire, Newhouse

Date: 11 Oct 2002

Saltire Developments Ltd is to develop a new 75 acre distribution park located at Newhouse, Lanarkshire, overlooking the M8 by Junction 6 which is expected to create 1500 jobs on completion.

Linkpark will be a high quality distribution park built over 2 phases. Its prime location, one mile from Mossend Railfreight Terminal providing direct access to Europe, and resting in the heart of Scotland's road network with Glasgow and Edinburgh a 30 minutes' drive, provides excellent access for companies seeking a major Scottish distribution outlet. The Park is also surrounded by a wealth of support business facilities including a golf course, conference venue and restaurant.

Phase I will offer clear development sites allowing building development ranging from 3,000 sq m (30,000 sq ft) up to major distribution hubs of 30,000 sq m (300,000 sq ft).

Phase II will extend to 16 acres and includes planning permission for a 150 bedroom hotel and leisure facility plus additional Class 4 business space.

Saltire Developments have now committed some £1.5m in infrastructure roadworks including the upgrading of an existing roundabout and creating a further
mini-roundabout. The initial phase of infrastructure works is due for completion in early November 2002.

Duncan Mathieson, Director of Saltire Developments Ltd, said "Linkpark is situated in an industrial hub and we are positive that it will attract an excellent selection of established UK companies and distributors. Interest is already very encouraging. Surrounding road, air and rail network facilities ensure that the site opens up national and international markets to the centre of Scotland".

"Saltire Developments are offering an excellent package at Linkpark, giving utmost flexibility to occupiers by offering an approach to property tenure from feuhold (freehold), leasehold or serviced site disposal" comments Bryce Stewart, Director of NAI Gooch Webster, letting agents for Linkpark. "The design team employed by Saltire Developments have an impressive record of fastrack development seeing the completion of industrial hubs of 250,000 sq ft within a 12-week programme, therefore we can deliver at Linkpark!"

Saltire Developments is a wholly owned subsidiary of Highland Developments Ltd which has been specialising in property development through the UK for over 21 years. Current developments include a 200,000 sq ft shopping centre in Loughborough and a new build development valued at £80m in Belfast. Previous industrial developments have been successfully concluded at Heathrow and the South East.

Agents acting on behalf of Saltire Developments are NAI Gooch Webster and Cushman Wakefield Healey & Baker.

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