Knight Property Group has acquired one of Scotland’s most recognisable industrial buildings in an off-market deal, with plans to deliver a major refurbishment and rebrand ahead of its release to the market in Q4 2026.
The property, widely known as The Big Blue Shed, extends to 143,700 sq ft and includes a fully sprinklered mezzanine floor of approximately 85,000 sq ft. Located on a prominent six-acre site within Bellshill Industrial Estate in North Lanarkshire, the facility is expected to appeal to occupiers seeking high-quality space for e-commerce, logistics and clothing distribution.
The detached warehouse offers a clear internal height of between 8.5 and 10 metres, alongside five dock-loading bays and four ground-level loading doors. It also features a fully sprinklered warehouse and around 3,900 sq ft of office accommodation.
Knight Property Group is set to undertake a comprehensive refurbishment programme aimed at repositioning the building for modern occupier requirements. Planned works include upgrades to the external walls, roof and cladding, improvements to yard surfacing and external concrete areas, full internal redecoration, and the refurbishment of office and welfare facilities. Completion is scheduled for Q4 this year.
Howard Crawshaw, managing director of Knight Property Group, said: “Having successfully delivered several speculative new build developments and refurbishment projects across this area, we are proud to continue investing in Lanarkshire’s business landscape with the acquisition of this landmark building.
“With continued demand for premium logistics and warehouse space, combined with a limited supply of high-quality accommodation, this property represents an excellent opportunity for businesses looking to establish or expand their presence in Central Scotland.
“We anticipate strong interest from occupiers seeking immediate access to well-connected industrial space, particularly given the shorter delivery times associated with refurbishment compared with new-build development.”
Yan Stewart, director at Graham + Sibbald, added: “Knight was able to move quickly on this off-market acquisition, with the sellers keen to place the building with a purchaser capable of delivering on its vision for the asset.
“Their proven track record in delivering high-quality, well-specified industrial accommodation gives the market real confidence that the property will be rebranded and repositioned to meet modern occupier requirements and attract strong interest from industrial, logistics, e-commerce and warehouse operators upon completion.”
Strategically positioned within Central Scotland’s established logistics and manufacturing “Golden Triangle”, the site sits between the M8 and M74 motorways and adjacent to the A725 dual carriageway, offering strong connectivity across Scotland and the wider UK distribution network.
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The property is surrounded by major occupiers including Morrisons’ Scottish Distribution Centre, DHL, Yodel, TNT/FedEx Express, Wincanton, Müller, Renewable Energy Systems, Greenham and MAN Truck & Bus.
Graham + Sibbald and Ryden have been appointed as joint letting agents on behalf of Knight Property Group.
