Easdale Investment Arm Secures Further Inverclyde Properties

Four large industrial units and future development land in Greenock have been purchased by Dalglen Investments, the property arm of Inverclyde businessmen, Sandy and James Easdale.

The sites, which are all situated at MacDougall Street in Greenock, are located adjacent to the A8 and Cappielow Industrial Estate, extending to over 38,000 square feet.

With plans to let the buildings and further develop the vacant site, the acquisition is located between other Dalglen-owned sites at Ratho Street, MacDougall Street, and Cappielow Industrial Estate, as well as Bogston Industrial Estate further along the A8.

The sites are surrounded by several businesses, including ABC Taxis and formerly Dingbro, which as a result of the acquisition are now available to let, with the units ranging from 3,230 to 13,300 square feet.

This latest investment follows Dalglen’s acquisition in May 2021 of four industrial units at Springkell Street and Arthur Street in Greenock.  

The purchases further strengthen the Easdale family’s commercial interests in Inverclyde, with commercial property firm Bowman Rebecchi supporting the overall letting of the portfolio.

The latest acquisitions follow the purchase of the former Watt Brothers department store in Glasgow and bus company Xplore Dundee, now operated by McGill’s Buses, the UK’s largest independent bus operator.

This additional investment further highlights the proposed £110m investment by Dalglen Investments into the local economy and its sustained commitment to Inverclyde.

Dalglen Investment Directors, Sandy and James Easdale said:

"We are pleased to be able to conclude the deal for these further assets and welcome them into our broader portfolio, with this acquisition supporting previous investments in Greenock.

“These high-potential industrial units come to the market at a time when availability in Inverclyde is limited, and we have already successfully let two of these properties.

“The vacant yard also provides an ideal opportunity to create the potential of smaller units to again serve the local market demand, which is an option we are currently exploring.

“While our transport businesses remain hugely important to us, property and construction investment opportunities in England and Scotland are constantly presenting themselves.”

The current property and construction developments being led by the Easdale family in the UK are estimated at £750million.

These include large-scale residential developments at Spango Valley in Greenock and the former Tullis Russell paper factory in Fife. 

For more information on these sites, click here.