Developer and asset manager Canmoor said logistics heavyweight Malcolm Group had agreed terms for 67,000 square feet of warehouse space at Westway Park in Renfrew.
Malcolm Group, which was founded as a family-owned business in the 1920s, will use the facility for short-term storage requirements.
Canmoor said the agreement represented the largest industrial deal to be concluded in Scotland during the coronavirus lockdown. Other key occupiers at Westway Park include Doosan Babcock, AMG Group, JW Filshill, Malin Fabrication, the NHS and Strathclyde University.
Westway joint agents are Colliers International and JLL. Malcolm Group was represented by Pollock Property Advisors.
Iain Davidson of Colliers International said: “The space requirement was time-sensitive and we were able to conclude the deal within six days of viewing.”
Norman Pollock of Pollock Property Advisors said: “Malcolm had an immediate need for storage space in a secure and well-connected location. Westway was quickly able to provide the perfect space solution, less than three miles from Malcolm’s headquarters at Linwood.”
Westway is located in the heart of the Glasgow Airport investment area, which is one of the key City Deal projects that will benefit from major inward investment over the next ten years. This will deliver significant infrastructure investment to the area including a new two-lane bridge.
A message from the Editor:
Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.
With the coronavirus lockdown having a major impact on many of our advertisers - and consequently the revenue we receive - we are more reliant than ever on you taking out a digital subscription.
Subscribe to scotsman.com and enjoy unlimited access to Scottish news and information online and on our app. With a digital subscription, you can read more than 5 articles, see fewer ads, enjoy faster load times, and get access to exclusive newsletters and content. Visit https://www.scotsman.com/subscriptions now to sign up.
Our journalism costs money and we rely on advertising, print and digital revenues to help to support them. By supporting us, we are able to support you in providing trusted, fact-checked content for this website.