MCR Property Group acquires key North Lanarkshire commercial site

MCR Property Group has acquired Centrum Business Park, a thirteen-acre industrial and commercial site adjacent to Junction 7A of the M8 motorway, near Coatbridge, North Lanarkshire.

The property, comprising a mix of industrial and office buildings, is situated in the heart of an established location on Hagmill Road and occupies a prominent position facing the A8, just off the A725, which connects the M8 with the M74, and is just four miles from the M73.

Partially let to tenants including Missile & Space Batteries Ltd and HRM Care Services, the remaining vacant space extending to approximately 50,000sqft offers significant potential to create a range of unit sizes from around 2,000sqft that will be of interest to local and national occupiers.

MCR Property Group will undertake a comprehensive refurbishment and improvement programme on the vacant space with the view to attracting industrial and logistics businesses.

A further 4 acres of land adjacent to Centrum Business Park offers the potential for new-build development, which MCR Property Group will be discussing with local planners in the near future.

Coatbridge lies approximately 8.5 miles to the east of Glasgow city centre and recent improvements to the road network make this one of the most sought-after locations in central Scotland.

Gregor King, Head of Scotland at MCR Property Group, said: “Centrum Business Park is well served by a number of excellent transport links for easy access to Glasgow (East), Edinburgh and Carlisle. Its prominent location in an already established industrial and logistics hub makes it the ideal place to do business in these sectors.

“We are investing heavily in refurbishing the site to a high standard, alongside looking at options to increase the accommodation offering with the construction of new, high-specification units.”

Sep 13th, 2019