Largest industrial deal in Scotland for over a year, as Canmoor secures first new occupier at Westway Park, Renfrew
Canmoor, the new owner of Westway Park in Renfrew, has announced its first new occupier, since acquiring the park from the administrator for �40 million in March.
The deal is one of the largest industrial transactions to be concluded in Scotland for over a year, with Canmoor agreeing terms with AMG Group, one of the UK?s leading outdoor companies to establish a new 113,000 sq ft distribution centre.
AMG has agreed a 10-year lease, with a five-year break option on Units K1 and K2.
Tom White, director at Canmoor, said:
?This is a major deal and we are delighted that AMG has chosen Westway for its expansion plans and new distribution centre.
?We are committed to investing in the future of Westway by providing occupiers with the right product and terms to meet their needs.?
Bernie McGown, HR & Operations director at AMG, said:
?To rise to the challenges of a consolidated distribution centre, we have increased the Westway Park team to 41 dedicated members. This means we can despatch sales orders in consolidated batches, allowing us to provide first-class service to all of our customers, domestic and international alike.?
The new centre will enable AMG to combine operations into one centre, replacing two existing sites in the west of Scotland and a third party operation in the Midlands.
The centre will focus on inbound & outbound logistics and will enable AMG to consolidate orders and despatch them from one site, resulting in a single consignment being delivered to customers.
AMG currently employs 115 staff. Head office staff will remain in Port Glasgow, where the business has been based for 20 years.
Andrew McCracken, director at joint agent JLL, added:
?Westway offers AMG the perfect blend of large high-quality distribution space, within a secure environment and with excellent communication links.
?We continue to see an increased level of activity in the Scottish industrial market, particularly for larger scale distribution units.
Westway is likely to create interest from discerning occupiers, with units to let from �2 to �5 per sq ft.?
Canmoor was advised by JLL.