Full House at Grange Court
11 August 2010
Northern Trust is delighted to announce that their new industrial estate at Grange Court, Earls Gate Business Park in Grangeouth is now fully let.
Recent lettings include to Ceetak (unit 4), Mulberry Web (unit 5), NRL (unit 7), Colas Rail (unit 8) and Inspectorate International Ltd (unit 9). All deals were completed with a minimum term of three years.
Jonathan Houghton, Development Surveyor at Northern Trust commented “To be able to announce full occupancy at Grange Court in less than 12 months following completion is a great achievement, especially in the current market. The success of the estate owes to the excellent product which is located in a first class location along with the flexible tenancy agreements on offer.”
Grange Court, comprising of 9 industrial/workshop units, forms part of Northern Trust’s first new build scheme in Scotland. Earls Gate Business Park is split into Grange Court which covers 16,545 sq ft of industrial space, and Earls Court which totals 18,320 sq ft of office accommodation.
The Earls Court offices are being developed in two phases, with phase one providing a range of high quality pavilion style offices with individual suites available from 855 sq ft and office buildings up to 5,091 sq ft. When fully complete, the scheme will represent an £8 million investment by Northern Trust in the Grangemouth/Falkirk area. The acquisition from KemFine UK Ltd comprises c. 4.5 acres of their prestigious 30 acre business park.
Commenting on the recent lettings at Grange Court, Peter Frazer of DTZ, joint agents on the scheme, said “Even in the most difficult market conditions we have experienced, the success at Grange Court is testament that for the right product at the right price, there are good levels of demand.”
Mungo Ingleby of Ryden added “As anticipated, Grange Court has proved a very successful development and was fully let to tenants of excellent calibre and covenant strength, within 12 months of completion. Ryden was delighted to be involved from site identification through to the successful letting of the units.”
Overlooking Earls Road in Grangemouth, the development is conveniently located for direct access to Falkirk, Grangemouth and also Junctions 5 and 6 of the M9 (Edinburgh-Stirling) motorway.
For further information on the development please contact the joint agents Ryden (0131
225 6612) and DTZ (0131 222 4500), or visit the dedicated website www.earlsgatebusinesspark.co.uk
