Freight News, Logistics

Nagel Group takes space in Scotland

[ February 3, 2014   //   ]

Langdon Industries Limited, part of the German Nagel Group, one of the largest food logistics networks in Europe (no connection with Kuehne and Nagel) has acquired a 82,500 sq ft (7,665 sq m) cross-docked distribution warehouse and offices at10 Coddington Crescent at the Eurocentral site in central Scotland. Estate agent Colliers International said the spurchase price was £3.1m.

The newly refurbished property, situated at Eurocentral, Scotland’s principal distribution location, had most recently been let to Royal Mail in the run-up to Christmas.

Iain Davidson, director of Industrial & Logistics at Colliers International, who brokered the deal, said: “It is…particularly significant to conclude such a major deal this early in the new year and follows a very successful 2013. The sale is a further indication that the Scottish industrial market is recovering.”

Tags: ,