finance

Frasers Property unveils £1.9m project to transform disused warehouse



Frasers Property will invest £1.9m into a project to transform a disused logistics facility into a modern 22,540 sq ft warehouse.

The Carnegie Road redevelopment at Hillington Park industrial estate is scheduled to start on 28 September and is estimated to take 34 weeks to complete.

It will have a new office pod installation and an enlarged service yard that meets modern vehicle usage standards.

The redevelopment has been designed with improved energy efficiency at its core, with modelling carried out by independent energy consultants Carbon Futures.

It has been estimated that the proposed installation of enhanced insulation, LED lighting, an air-source heat pump and removal of gas appliances, will reduce energy consumption by 79%, compared to the building’s current condition.

The project was tendered by lead consultants EPC Associates, which are supplying principal designer, project and cost management services.

The work programme, which will be undertaken by Glasgow-based Insite Contracts, will see the demolition of the office element, while the warehouse building will be stripped back to the structural frame and completely re-clad.

The scheme at Carnegie Road is a part of Frasers Property’s ongoing transformation of the Hillington Park estate and comes on the back of the West 100 and 200 development, scheduled for completion in the first quarter of 2022.

This will see the creation of almost 133,000 sq ft of modern industrial units. Current occupiers at Hillington Park operate in a range of sectors, including transport and last mile logistics, automotive, construction services, manufacturing, engineering, retail, technology and the public sector.

Grant Edmondson, commercial director at Hillington Park, said: “This is another substantial commitment by Frasers Property to invest in and substantially upgrade older stock on Hillington Park.

“The proposed scheme will deliver a new modern, energy efficient warehouse unit with a large secure service yard, with the quoted rental reset accordingly.

“There is a lack of available modern units in the Greater Glasgow industrial market and we expect this property will be re-leased quickly once completed next year.”

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