Nairn’s Oatcakes Ltd., has secured a new unit in Prestonfield Park to the south east of Edinburgh city centre, adding to their existing 6,004 sq ft facility within the estate.
The company has agreed a deal for a six year lease at an annual rent of £33,170 with landlord Prestonfield Development Company, a joint venture company between J. Smart & Co. (Contractors) PLC and the Walker Group, for Unit 3, Block F – a 4,914 sq ft end-terrace unit. The new unit will be used for Raw Material Storage and the manufacture of Gluten Free cereals.
Pritchard Property Consultants represented Nairn’s, with Burns and Shaw and JLL acting for the Prestonfield Development Company.
Comprising a total of 10 industrial units, Prestonfield Park currently has a range of tenants including PTS Building Supplies, St Andrews Timber Limited, Howden’s Joinery and the City of Edinburgh Council. Access to the park is via Peffermill Road which connects to the A7 – one of the main arterial routes in the city – and the A1 lies approximately 2 miles to the east.
Kirsty Palmer, Associate Director, Industrial and Logistics, for JLL, said: “Over the past year, Edinburgh has witnessed more sustained demand and dwindling industrial stock in key strategic locations offering good quality accommodation. Nairn’s decision to expand on a site which has served it very well to date made good business sense.”
Niall Burns, Partner at Burns & Shaw, commented: “Nairn’s expansion at Prestonfield Park is testament to the quality of accommodation on site, which is supported by excellent links to Edinburgh and the wider area. Prestonfield Park offers modern, accessible and flexible space to occupiers and this is reflected in the range usage including trade, storage, distribution and manufacturing”.
Bruce Walker of Prestonfield Development Company, explained: “We are delighted to see the final unit let at Prestonfield Park. It is encouraging to see existing tenants enjoy business success providing them with the confidence to expand. The units are high quality and this is reflected in the Tenants we have secured.”
Ken McGarrity, Group Finance Director of Nairn’s Oatcakes, said: “The rapid growth in Sales of our Gluten Free product range has brought about this expansion. We are delighted to extend our working relationship with Prestonfield Development Company, and the use of this new unit for Storage and Gluten Free Cereal manufacture enables us to significantly expand our capacity for the manufacture of Gluten Free Oatcakes and Biscuits in our current unit.”
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