Lidl secures Titan building at Eurocentral in off-market deal
Supermarket chain Lidl is set to move into the 122,000 square foot Titan building in Eurocentral. The move follows its exchange of contracts on 50-acre site at Eurocentral where it plans to build its new Scottish distribution centre.
Adrienne Howells, head of warehouse expansion at Lidl, said the retailer needed extra space to service its burgeoning Scottish operation while it builds the new 624,000 square foot warehouse.
She added: “Titan will be used alongside our existing warehouses in Livingston, until our new Scottish distribution centre is complete. We are delighted to have sourced such a property so close to where our warehousing operation will eventually be based.”
Titan is owned by Laurel Properties, which was represented in the deal by Neil Cockburn Property Consultancy. The new-build unit, which has 12 metre eaves and a 48 metre deep yard, is situated in the Centralpoint area of Eurocentral.
Iain Davidson, director of industrial and logistics with Colliers International in Scotland, said his team had moved fast to secure suitable premises for Lidl, in a market where relatively few properties of such size are available at any given time.
“Titan wasn’t on the market, but we were aware of its availability and that it would be an ideal solution for our client Lidl, who we had already helped to secure a 50-acre site at Eurocentral. We were able to move quickly and negotiate a deal that is to the benefit of all parties.”
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