Wincanton, a leading supply chain partner for UK businesses, expanded its Scottish operations by signing a 15-year lease for an 126,960-square-foot distribution centre at Belgrave Logistics Park, Bellshill in a transaction that stood out for the judges as Scotland's top lease in 2024.
About the project:
Wincanton's Scottish Gateway hub was launched in April 2024. It was the largest industrial deal in Scotland in 2024 and the largest letting of a speculative new build for the Greater Glasgow market since 2018.
Belgrave Logistics Park is a £55 million speculative development by Knight Property comprising a total area of 261,193 square foot across five buildings. Wincanton’s new distribution centre is the largest in the park.
Bellshill is strategically located in the heart of Scotland’s "golden triangle". It will cater to the demands of an expanding client base, underlining Wincanton’s dedication to enhancing operational efficiencies and service capabilities nationwide.
Wincanton’s unit is designed to a high specification, featuring high-performance composite wall and roof cladding, an internal height of 12 metres, four level access doors, and 16 dock levellers. Additionally, it includes a 2,870-square-foot office, 63 car parking spaces, and a 55-metre deep yard.
What the judges said:
Iain Robertson, relationship director at The Royal Bank of Scotland and said: "One of the few new build industrial assets in the Scottish market in recent years, the asset/lease not only delivers additional space for the tenant but will allow recruitment of additional staff into the site."
They made it happen:
Ross Sinclair, director agency, Savills; Alan Gilkison, managing partner, Ryden; Howard Crawshaw, managing director and James Barrack, founder and chairman, Knight Property Group; Derek Stirling, operations director – defence and Doug Thornton, property director, Wincanton; Andrew McCraken, head of industrial and logistics and Scott McPherson, senior surveyor – Industrial & Logistics, JLL.