CBRE: Kloeckner Metals UK Unveils the Largest Metal Stockholding and Processing Site in Scotland
Kloeckner Metals UK has officially opened its new state-of-the-art stockholding and processing facility at Newbridge Link within Newbridge Industrial Estate in Edinburgh.
The company chose the industrial park 10 miles from the city centre as the location of its new facility which is the largest metal stockholding and processing warehouse in Scotland boasting over 100,000 square feet of internal space and an 11,114 sq ft office pavilion.
The facility’s stock capacity of 5000 tonnes, which is made up of carbon steel, stainless steel, and aluminium, coupled with Kloeckner Metals UK’s extensive processing expertise, enables the delivery of a comprehensive range of sustainable solutions to a diverse array of industries, including Energy, Renewables, Oil & Gas, Construction, Fabrication and Manufacturing.
Peter Whiting, CEO of Kloeckner Metals UK: “At Kloeckner, we continue to showcase a profound commitment to sustainability, investing in cutting-edge technologies and advanced equipment to deliver sustainable, efficient and dependable services. The opening of our new site in Newbridge is a testament to our unwavering commitment to meeting the needs of the Scottish market while actively contributing to a more sustainable future.”
CBRE acted for asset managers JCAM Property in the letting of the facility – Unit 1 at Newbridge Link – while LSH acted for Kloeckner. In line with the occupier and landlord’s commitments to sustainability, CBRE was able to advise on and introduce a Green Lease Clause into the deal structure.
CBRE says the building was chosen due to the high-quality refurbishment carried out by the landlord and Newbridge’s strategic location offering excellent connectivity for Kloeckner into their wider UK operations.
Mike Brown, Associate Director at CBRE said: “CBRE is delighted to have secured this excellent deal on behalf of the landlord, signalling one of the largest industrial transactions in Scotland for 2023. The fact the building was let prior to a formal launch of the marketing provides evidence to the critical lack of good quality industrial buildings in Scotland currently, and Kloeckner’s acquisition is adequate reward for JCAM Property who took on this large-scale project.”
JCAM purchased Newbridge Link, the former Edgen Murray facility, on behalf of the owners in 2022. Unit 2 is currently available to lease and offers 50,000 sq ft of industrial space with a secure concrete yard.
One of Edinburgh’s premier locations, Newbridge Industrial Estate is within close proximity to Newbridge Interchange, which serves the Scottish Motorway Network with direct access onto the M8 and M9 motorways with approximately 90% of the Scottish population within 1.5 hours drive of this location.
To find out more about available space at the development please contact Mike Brown at CBRE on mike.c.brown@cbre.com
To see our current list of CBRE properties in Scotland click here.
