Two new lettings have been announced at Capital Park, a new 132,000 sq ft sustainable urban logistics and trade park development in Sighthill, Edinburgh.
Home improvement and building repair partner Building Finishing Services has signed a five-year lease for an 8,000 sq ft unit at the scheme. Two other units totaling 17,000 sq ft have been let by an unnamed occupier on a five-year lease.
Located on Bankhead Avenue, Capital Park comprises 18 high-specification new build leasehold units ranging from 2,770 sq ft to 45,980 sq ft and has a gross development value of around £35m.
The scheme is strategically located five miles southwest of Edinburgh city centre and in close proximity to the A720 and M8, providing access to the city centre, ring road and wider transport network.
Following these latest lettings, the scheme is now 50 per cent committed. The remaining available units range from 2,770 sq ft to 12,970 sq ft, with the option to combine units to provide up to 25,675 sq ft.
Capital Park has been jointly delivered by developer Chancerygate and specialist sustainable and impact investor Bridges Fund Management.
Current occupiers include the UK’s largest builders’ merchant Travis Perkins, workplace technology provider Agilico and mobile phone and accessories wholesaler Zavi Tech.
Units at the development benefit from electric vehicle charging points, low air permeability design and solar cells on their roofs which provide green energy on an affordable basis to occupiers.
In addition, the units have been constructed from high-performance insulated cladding and roof materials to reduce CO2 emissions. The scheme is EPC A and BREEAM Very Good.
Chancerygate development manager, Andy Farrer, commented: “Our mix of tenants reflects the flexibility of Capital Park for a wide range of commercial and trade counter businesses, all of whom benefit from its excellent strategic location within Edinburgh.
“The high specification, sustainable accommodation, provides occupiers with exceptional space in which to further grow their operations.
“We are very pleased to be 50 per cent committed at this stage, and are in advanced negotiations with other prospective occupiers who we hope to be able to announce soon.”
Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and investment manager and the only one operating nationwide.
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The company currently has more than 1.41m sq ft of urban logistics space under construction or ready for development across 11 sites ranging from Edinburgh to Croydon.
Bridges is a specialist sustainable and impact investor. Its property funds focus on sectors that are well placed to benefit from the transition to a more sustainable and inclusive economy, including healthcare, lower-cost housing and sustainable logistics.
Agents for Capital Park are JLL and Ryden.
