New Scottish RDC for Iceland

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Frozen food retailer Iceland has taken a 284,000 sq ft warehouse in Livingstone, Scotland.

It has taken a 20 year lease on the unit at Houston Industrial Estate, paying a rent of £6 per sq ft.

Owned by RPMI Railpen (Railpen), the investment manager for the £30bn Railways pension schemes, the Livingston site will serve as a base for Iceland’s national operational logistics.

Alastair Dawson, senior asset manager at Railpen, commented: “We are very pleased to have agreed a secure, long-term commitment from Iceland at this facility which ultimately delivers returns for our 350,000 members.”

Poseidon Developments advised Railpen in the deal

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