Work has completed on the first unit at Capital Park, a £35 million, 132,000ft² urban logistics and trade park development in Sighthill, Edinburgh.
This bespoke 15,720ft² unit is occupied by builders’ merchant Travis Perkins, following the agreement of a 15-year lease for the facility.
The Travis Perkins facility is already ‘fully open and trading’. It is the first of 18 leasehold units – ranging from 2,770ft² to 45,980ft² in size – to be delivered at the site. The remaining units are expected to be available for occupation between November 2024 and the end of the year.
Shaun Kemp, branch manager at Travis Perkins Edinburgh West, commented: “This move is part of our ongoing development of larger and more capable destination branches within our network, aimed at consistently delivering superior service to our customers.
“Opening this new branch underscores Travis Perkins’ commitment to enhancing customer access to a vast array of tools and materials, ensuring they have everything they need to complete their projects efficiently and to the highest standards.”
Capital Park is being jointly delivered by developer Chancerygate and investor Bridges Fund Management.
According to Chancerygate, two further units are currently under offer at Capital Park, meaning that 30% of the development is either let or under offer.
Units at Capital Park are set to 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’.
With units ‘constructed from high-performance insulated cladding and roof materials to reduce CO2 emissions’, the scheme is targeting an EPC ‘A’ rating and BREEAM ‘Very Good’ to ‘Excellent’ certification.
Chancerygate development director Mike Walker said: “We are happy to deliver a mix of Grade A urban logistics and trade counter space to serve the increasingly active and dynamic SME sector in the city.
“Capital Park’s strategic location will appeal to a number of sectors as evidenced by the pre-let to Travis Perkins and the strong interest we are seeing in the remaining units. This is undoubtedly one of the best trade locations in Edinburgh.
“With demand for this type of accommodation increasing, we anticipate more units to go under offer and look forward to welcoming further occupiers to the scheme in due course.”
Bridges Fund Management partner Guy Bowden added: “We’re excited to bring forward this scheme at Capital Park, which we believe will support new jobs and make a positive contribution to the regeneration of the local area.
“The completion of this first unit is an important milestone for the development and highlights the growing demand among SMEs for purpose-built, highly sustainable industrial space.”
