50,000ft² warehouse deal at Bellshill

Floor coverings and matting distributor Likewise Group has taken a 50,000ft² warehouse at Knight Property Group’s Belgrave Logistics Park in Bellshill, North Lanarkshire.

Likewise Group has agreed a 20-year lease on Unit D, which extends to 50,013ft². The group started trading in 2019 and is relocating its Scottish distribution centre from Motherwell to Belgrave.

Over the past two years, the group has made a major investment in the infrastructure with new operations in Leeds, Newcastle, Birmingham and Newbury, with the new Glasgow base being fully operational in quarter two of this year.

Tony Brewer, Chief Executive of Likewise Group, said: “We have made significant progress on expanding our sales teams and point of sale displays to expand and create a much greater market presence. We remain focused on accelerating growth and delivering a return on this investment.”

The £55 million brand new speculative development on the site of the former Devro manufacturing facility is being developed over three phases, to provide 261,193ft² over five buildings. The first two phases were completed in November 2022, with the final phase scheduled for completion in September this year.

Belgrave is one of the greenest industrial/logistics parks in Scotland at the current time. Each building is ‘all-electric’, and has an EPC rating of ‘A+’ as well as a BREEAM ‘excellent rating’, in line with occupier and investor expectations.

Ryden and JLL are agents for Knight Property Group.

Source: logisticsmanager.com