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Swiss Life sets new tone for pricing with £40 million Scottish logistics park buy

The prime Wincanton and Bunzl-let scheme has been bought at a 5.5% yield

Belgrave Logistics Park sits on the M8 corridor, Scotland's key distribution route. (CoStar)
Belgrave Logistics Park sits on the M8 corridor, Scotland's key distribution route. (CoStar)

Swiss Life has bought Belgrave Logistics Park in Bellshill, near Glasgow, from Knight Property Group for £40 million, or a 5.5% yield, in an off-market deal that sets the tone for prime industrial pricing in Scotland.

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