Fusion Assets success in structuring new financing models to allow development to happen can be seen in the company’s first completed scheme at Dundyvan Enterprise Park, Coatbridge. Part funded by SPRUCE and in a joint venture with CBC (Glasgow), the new development provides 44,000sq ft of industrial space. The development was completed in October 2013 and now has a number of tenants in occupation, with the new Enterprise Park’s central location and easy access to the M8 motorway proving popular with a range of local companies seeking space to expand, as well as new companies looking to move into North Lanarkshire.

The development was designed to provide modern flexible warehouse space in response to market research, which revealed high demand and a lack of local supply. Prior to development the site at Dundyvan had been vacant and derelict for many years. The new industrial scheme has capacity to accommodate up to 16 businesses, providing over 100 jobs when fully occupied and has already attracted incoming companies to the area.

Magdalene, a Cambridgeshire based telecommunications firm recently chose Dundyvan Enterprise Park as their new Scottish hub location. Providing support services to the telecoms operator network, the company were looking for a base where they could co-locate their Scottish project office, field engineering base and provide managed warehousing. Working with a variety of clients to provide regional maintenance and a communications roll out project across Scotland meant that a base with a central location was essential for the firm.

Peter Smiley, General Manager comments “This investment is an indication of Magdalene’s commitment to Scotland, our customers and our partners here. The location of Dundyvan is conveniently placed at Coatbridge with good access for both Glasgow and Edinburgh and it’s already helping us to increase the efficiency of our service delivery across the whole of Scotland. It’s an efficient hub office for both our on site staff and field engineers.”