Easdale Investment Group Secures Two Further Inverclyde Sites To Boost Portfolio

Posted on: 12 November 2020

Easdale Investment Group Secures Two Further Inverclyde Sites To Boost Portfolio

A former Inverclyde Council depot in Port Glasgow and a quarry site in Greenock have been secured by Dalglen Investments, the property arm of local businessmen, Sandy and James Easdale.

The former Anderson Street Depot in Port Glasgow was put up for sale by Inverclyde Council in 2019 and covers 1,100 square metres of offices, staff areas and yard space.

With plans to develop the site, it is located adjacent to the Gallagher’s Retail Park in Port Glasgow. Other light industrial businesses surround it with river views across the Clyde Estuary.

The historic site is close to the former Port Glasgow Job Centre at Scarlow Street, which was secured by Dalglen Investments in December 2019.

The investment firm has also secured the former Breedon Aggregates quarry site in Orchard Street in Greenock, following its closure last year.

Located close to Blairs Windows and Doors and Arc Fleet Services, the strategic acquisition further strengthens the Easdale family’s commercial interests in Greenock town centre.

The development proposals for both sites are underway and are being delivered by Gourock firm, Rebecchi Architectural.

These latest acquisitions follow the purchase of the former Watt Brothers department store building in Glasgow, which was secured in September 2020. The current property and construction developments being led by the Easdale family is estimated at £400million.

Dalglen Investment Directors, Sandy and James Easdale said:

"We are pleased to be able to conclude these two assets and welcome them into the broader portfolio, which continues to diversify through our acquisition strategy.

“These are two high-potential sites that we plan to develop to bring them back into use and provide economic opportunities for businesses.

“The Anderson Street Depot is a vast overall site providing plenty of opportunities, and something we believe can further complement this part of Port Glasgow.

"The Orchard Street site is classified in the top 10% of the most deprived areas in Scotland as per the Scottish Index of Multiple Deprivation, and so this will be an important site to improve the economic development of this part of Greenock.” 

Both acquisitions were completed in November 2020, with the sites to be marketed by Gourock-based commercial property letting agency, Bowman Rebecchi.

 

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