Region’s largest industrial estate sold

Tweedbank Industrial Estate
Tweedbank Industrial Estate

Tweedbank Industrial Estate is under new ownership following the acquisition of the site by multinational asset manager M7 Real Estate for £4.57m from Catalyst Capital, on behalf of what has been described as a “Middle Eastern sovereign wealth investor”.

Situated close to the terminus of the Borders Railway, the region’s largest industrial estate – comprising around 115,000sq ft of industrial space – is 93% let to a range of occupiers, including Tempest Brewing Co and Magnet Kitchens.

The surrounding area is subject to wider development proposals including a new Premier Inn, part of the Borders Gateway development.

Euan Burns, divisional director at M7, said: “This acquisition of a dominant asset in this location provides sustainable income but also offers future potential to add value through asset management.”

Guy Wilson, a partner at Catalyst Capital, said: “We are pleased to have restored Tweedbank Industrial Estate to near full occupancy following physical improvements to the buildings and the estate and the completion of our leasing programme.”