Gladman Developments has acquired a 20 acre (8.098 ha) site in Scotland’s Central Belt for a speculative development of offices and industrial units.
Advised by the Glasgow office of James Barr, Cheshire-based Gladman Developments has paid an undisclosed sum for the Eliburn Campus site in Livingston, close to Junction 3A of the M8. The vendor is Texas Instruments, which was advised by Montagu Evans.
This is Gladman Developments’ second deal in this area in the past three months. In January, less than five miles from Eliburn Campus, it acquired a 33.5 acre site at J4 M8 Distribution Park, where it is about to submit a planning application for, at 600,000 sq ft, Scotland’s largest speculative industrial and distribution warehousing scheme. Yan Stewart, Director at James Barr also advised on this deal.
At Eliburn Campus, following a master planning phase, Gladman will submit a planning application for a range of speculative office buildings from 2,200 sq ft to 25,000 sq ft and for a number of smaller industrial units of up to 40,000 sq ft, which will be available both on a feuhold and leasehold basis.
According to Gladman Developments’ director Kevin Edwards, Eliburn Campus is in a prime location. He says: “This is a good base from which occupiers can service the whole of the Central Belt, as well as offering good access to the rest of Scotland. With the fast growing population of Livingston and West Lothian on the doorstep, it also has an excellent workforce catchment.”