Food logistics company Langdon Industries has paid KKR £3.1 million for a warehouse at Eurocentral in Scotland.
The company, part of Germany-headquartered Nagel-Group, bought the 82,509 sq ft cross-docked distribution warehouse and two-storey offices, as part of its expansion plans having outgrown its current rented premises in Glasgow.
Work has started on converting the interior of the warehouse to temperature controlled. A frozen chamber will include all pallet access for up to 1500 pallets and the chilled cross docking area will be able to handle in excess of 500 pallets per hour. Other works include removing some of the 41 loading bays currently in position.
Langdon’s General Manager Scotland Malcolm Wilde said he believes that the total investment of around £5.5 million demonstrates the company’s on-going commitment to the food industry in Scotland.
The facility also features a separate vehicle repair workshop, yard and extensive parking, within a secure site of 10.22 acres
Colliers International and joint agent Ryden advised KKR.
The warehouse had most recently been let to Royal Mail in the run-up to Christmas.Iain Davidson of Colliers International said: “We are delighted to conclude the sale of Coddington Crescent within just days of Royal Mail’s lease coming to an end. The sale is a further indication that the Scottish industrial market is recovering.”
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