New 15-year lease signed at Westway with Canmoor
Leading specialist engineering company, Doosan Babcock has committed its future to Renfrew, with the signing of a new long-term lease with Canmoor at its facility at Westway.
The company, which occupies circa 350,000 sq ft of offices, industrial and manufacturing space at the park, has agreed a new 15-year lease in what represents the largest industrial deal in Scotland this year.
Doosan Babcock has a long and established history at Westway, stretching back to 1895, when the company first pioneered boiler system technology from the site. Over the years, the company has evolved and diversified into the thermal power, nuclear, oil and gas, petrochemical and process industries. Using best-in-class technical expertise and an industry-leading project management capability, Doosan Babcock is a trusted partner to the global power industry.
Doosan Babcock will retain 60,000 sq ft of Block E, which is adjacent to the £8.8m Lightweight Manufacturing Centre, which is hosted and operated by the University of Strathclyde. Officially opened by Scotland’s First Minister, Nicola Sturgeon and Professor Sir Jim McDonald, Principal of the University of Strathclyde earlier this year, the Centre, part of the National Manufacturing Institute Scotland (NMIS) focuses on working with and developing novel lightweight solutions to help manufacturing businesses face and overcome the challenges of the modern-day world.
The news comes off the back of recent deals at Westway that include a new 120,000 sq ft design and build unit for one of Scotland’s largest wholesalers, JW Filshill Ltd. The longstanding Glaswegian family owned business was founded in 1875 and has now committed its next 17 years to Westway, in what represents Scotland’s largest industrial pre-let deal for five years.
Since acquiring the Park in early 2018, Canmoor continues to execute its multi-million-pound strategy of refurbishment and upgrade of the existing buildings and as a result are in detailed discussions to attract new occupiers to Westway.
Andy Colquhoun, CEO at Doosan Babcock, commented: “We have a long and proud history on the site and are delighted to commit our future to Renfrew.”
Tom White, Director from Canmoor said: “We have worked closely with the Doosan Babcock team over the past few months to secure this deal. Doosan Babcock is synonymous with Renfrew and we are pleased to be able to support their future business plans.”
Derek Mackay MSP for Renfrewshire North and West added: “This deal is great news for the park and for the Renfrew economy in general. It is pleasing to see Doosan Babcock commit to Renfrew and looking to the future with optimism and confidence. Renfrewshire is a great place to do business and a great place to invest.”
Westway is home to the Lightweight Manufacturing Centre, a specialist technology centre within the new National Manufacturing Institute Scotland operated by University of Strathclyde. The centre focuses on working with and developing novel lightweight solutions to help manufacturing businesses face and overcome the challenges of the modern-day world.
Construction of the enabling infrastructure underpinning the Advanced Manufacturing Innovation District Scotland started in July 2019 and is scheduled for completion in early 2021, jointly funded by the UK and Scottish governments through the £1.13 billion Glasgow City Region City Deal.
It includes a two-lane bridge for pedestrians, cyclists and commercial traffic across the White Cart, providing a connection into Wright Street business premises including Westway. With no through route along Wright Street for vehicles, this will reduce the impact of traffic on residential areas.
Canmoor’s joint agents are JLL and Colliers.