Multi-million pound sale of three units at Clyde Gateway East Business Park to Aberdeen Investments

£10m sale will boost future regeneration across Glasgow’s east end and Rutherglen

Clyde Gateway, Scotland’s most ambitious regeneration programme, has announced the sale of three recently completed industrial units at the highly successful Clyde Gateway East Business Park. Aberdeen Investments, on behalf of the Standard Life Pooled Pension Property Fund, has acquired the three units for £10 million.

This significant investment by Aberdeen Investments represents a major vote of confidence in Glasgow’s east end and in Clyde Gateway’s long-term regeneration approach. The sale proceeds are significantly above market value, demonstrating the commercial strength of the site and enabling a massive reinvestment boost to help fund the next wave of regeneration projects across the Clyde Gateway area.

The 29-acre Clyde Gateway East Business Park recently reached full completion with £2.4m in grant funding provided by Scottish Enterprise for the final three units. The business park has rapidly become one of Central Scotland’s most sought-after industrial locations with occupiers including Glacier Energy, DHL, Torishima, Network Rail and Eden Mill. The final phase added a further 59,000 sq. ft of high-quality space for High Value Manufacturing and Glacier Energy recently confirmed expansion into one of the new units as part of its technician training centre.

The sale represents continued success for Clyde Gateway at the business park with Aberdeen Standard Investments purchasing most of the Clyde Gateway East development for £10m in 2018 and Bradda Capital purchasing a single plot for £3.2m in 2020.

Clyde Gateway focuses on a reinvestment-led model – developing high-quality commercial assets and recycling capital into regeneration projects that deliver jobs, investment, and inclusive growth.

Martin McKay, Chief Executive, Clyde Gateway, said:

“The sale of Clyde Gateway East to Aberdeen Investments is a landmark moment, not just for Clyde Gateway, but for the wider regeneration of Glasgow’s east end. It reflects the strength of our place-making strategy and the confidence investors have in the vibrant, high-performing business community we’ve created.

“At the core of Clyde Gateway’s approach is a sustainable reinvestment model. By unlocking enhanced value from assets like this, we’re able to channel funds directly back into new projects that deliver long-term social and economic benefits for the communities of the east end and Rutherglen.”

David Stewart, Fund Manager, Aberdeen Investments for the Standard Life Pooled Pension Property Fund said:

“We are pleased to have secured these last remaining units at Clyde Gateway East, which consolidates our ownership at this prime urban logistics and manufacturing park with its great connectivity to the whole of the central belt of Scotland and beyond.  The acquisition aligns with the fund strategy of investing in prime high-quality assets with superior ESG characteristics where we can add value through active asset management. It is an excellent addition to the growing portfolio.”

Standard Life Pooled Pension Property Fund was advised on the acquisition by Ryden and CMS Cameron McKenna Nabarro Olswang LLP, whilst Clyde Gateway was represented on the transaction by Avison Young and Burness Paull.