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