Over the last five years, Fusion Assets has been focussed on building up the asset base of the company by acquiring sites and improving the land to make each site ready for development so that joint venture partners and external investment can be secured. We have now remediated (or are in the process of improving) 44 acres of vacant and derelict land across North Lanarkshire – that’s equivalent to 25 football pitches!
With construction completed at Dundyvan and works going on site at Drumpellier and Western Campus soon, our focus for 2015 and beyond turns to future developments. These include a 43,000sq ft industrial scheme at Westfield Point in Cumbernauld which will provide eighteen small units in a range of sizes capable of combination to meet larger demand and a distribution scheme at Condor Park within Eurocentral where units from 4,000sq ft-9,000sq ft with dedicated yard space will be made available.
At Gartcosh Industrial Park there are plans to kick start the site’s regeneration through the development of four industrial units totalling 80,000sqft. This development opportunity is out to market currently, following construction of a new access road and site servicing. In response to market demand and a shortage of modern premises in North Lanarkshire, the units here will be larger in size ranging from 10,000-30,000sq ft.
Further improvements to the roads network in North Lanarkshire through the upgrade of the M8 which is now underway and scheduled for completion in Spring 2017, will reinforce the area as a key location for distribution and logistics. Fusion Assets is well placed to capitalise on the improved road network through developments such as Dunalastair Industrial Estate, located on the former Organon Research Facility site at Chapelhall, where land remediation and site servicing works have been undertaken and we have secured planning consent for a 41,000sq ft industrial scheme.
At Newhouse, Fusion Assets has acquired a second development site and we have plans to create a major new 18 acre industrial and logistics location, which will be marketed as Link Park. Located next to the new Co-operative distribution facility, with direct frontage onto the M8 motorway, Link Park will be able to accommodate a total of 120,000sq ft over a range of unit sizes, all with dedicated yards.
Fusion Assets seeks to attract investment into North Lanarkshire by working in partnership with the private sector to improve derelict sites and provide sustainable business opportunities. Our aim is to continue to invest in regeneration to improve the economic position of North Lanarkshire.