GREEN LIGHT FOR NEW OFFICE
DEVELOPMENT IN MOTHERWELL

A proposed office development has secured planning consent at Park Street in Motherwell Town Centre.

In a project worth around �4.25 million, Callander Estates will develop 21,500 sq ft of high quality flexible office accommodation over three two storey pavilions, each having dedicated car parking.  Two pavilions will extend to 8,000 sq ft, with the third being 5,500 sq ft.  The proposed floor plates will provide flexible accommodation which can be sub-divided into suites from 1,500 sq ft and above or left open plan, depending upon the occupiers� requirements. This new office development makes use of a 1.1 acre site of mature gardens adjacent to Scomagg House which lies at the junction of Park Street and Crosshill Street.

John Costello, Managing Director of Callander Estates, said the planning approval was a key milestone in the continued development of Motherwell as a strategic office location.  He continued: "Motherwell and Lanarkshire in general is becoming a dynamic and prosperous location and we are confident that this scheme will attract further investment into the area.�

David Cobban of joint agent King Sturge said: "There is an on-going need for new high-quality office facilities in Motherwell. This development will help to bring new companies and investment into the area as well as allowing existing local businesses the opportunity to expand.�

Scott Cameron of Whyte & Barrie added: �This new development will offer quality accommodation within an ever improving area close to local amenities, facilities and bus routes and within easy reach of the town centre where there is also a main line railway station (Glasgow, Edinburgh and West Coast Main Line)."

Occupiers can opt for full repairing and insuring leases for a period to be agreed or they can purchase a building or part of a pavilion.  The purchase option may prove attractive for occupiers seeking to utilise the investment for pension planning, as they may seek to place it within a Self Invested Personal Pension (SIPP) or Small Self Administered Scheme (SSAS).

Motherwell is strategically located between the M74 and M8 motorways. The quality of the location is highlighted by some of the main occupiers such as the Bank of Scotland and North Lanarkshire Council.

King Sturge and Whyte & Barrie are joint marketing agents on this development, advising Callander Estates.

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