Canmoor, the new owner of Westway Park in Renfrew, has received a further boost with the announcement that lease renewal terms have been agreed with existing occupier Star Refrigeration.
Star, the UK’s largest independent industrial refrigeration and heating engineering contractor has signed-up for a new eleven-year lease on Unit G2A, which extends to 33,689 sq ft.
The company has been based at Westway since 2006 and over the years has invested in leading-edge equipment at the Renfrew facility, where it manufacturer both pre-engineered and bespoke solutions for industrial cooling and heating applications.
Established in 1970, Star is headquartered in Glasgow and employs around 350 staff across the group, including 15 at Westway.
Tom White, Director at Canmoor, said:
“This deal is testament to our proactive asset management strategy and it is particularly pleasing to receive further commitment for Westway from an existing occupier of the calibre of Star.
“We are delighted with the levels of interest we have experience since purchasing the park earlier this year.”
Derek Barclay, Director of Production at Star Refrigeration, added:
“Westway continues to meet our business needs and is a key location within the overall group, offering quality secure space with excellent communication links. It is the perfect base to grow and develop our business across the UK.”
Canmoor’s joint agents at Westway Park are JLL and Colliers International.