Canmoor has completed the acquisition of Westway, Scotland’s largest fully enclosed Industrial park for £40m and plans to make a substantial investment to breathe new life into the area.
The 135 acre self-contained site is home to numerous national and international businesses including Doosan Babcock, the highly skilled engineering firm.
Tom White, director at Canmoor, said:
“We are delighted to complete the acquisition of Westway Park and are excited to be part of the next phase of its development. We intend to work closely with current and new occupiers to deliver fit for purpose warehouse, manufacturing and business space. The existing buildings have real rarity value through their high eaves, heavy cranage and large power capacity and through our refurbishment programme we aim to take advantage of these attributes, to attract new occupiers.
“We are also excited that Westway Park will play a key part of the Renfrewshire City Deal Project, including the recently announced National Manufacturing Institute for Scotland and the development of a new bridge over the River Cart, linking Westway with Glasgow Airport. This marks the start of an exciting new chapter’’.
Canmoor is a leading asset manager and developer in the warehouse and business space sectors with an existing portfolio of 14,000,000 sq ft and developments totalling 4,000,000 sq ft.
Brodies LLP and JLL represented Canmoor.