Knight Property Group has acquired one of Scotland’s best-known industrial properties in an off-market transaction, with plans to refurbish and reposition the asset ahead of its release to the market later this year.

The property, known as The Big Blue Shed, is located within Bellshill Industrial Estate in North Lanarkshire. It comprises 143,700 sq ft of warehouse space, together with a fully sprinklered mezzanine floor of approximately 85,000 sq ft, offering capacity for e-commerce, logistics and distribution occupiers.

Occupying a prominent six-acre site, the detached warehouse benefits from immediate access to Scotland’s strategic transport network. The facility features clear internal heights of between 8.5 and 10 metres, five dock-loading bays, four ground-level loading doors, a fully sprinklered warehouse and approximately 3,900 sq ft of office accommodation.

Knight Property Group said the building will be rebranded as part of a comprehensive refurbishment programme designed to meet the requirements of modern industrial occupiers. Planned works include upgrades to the roof, external walls and cladding, improvements to the yard areas and surfacing, full internal redecoration, and the refurbishment of office and welfare facilities. The refurbishment is scheduled for completion in the fourth quarter of 2026.

Howard Crawshaw, Managing Director of Knight Property Group, said:

“Having successfully delivered several speculative new build developments and refurbishment projects across this area, we are proud to continue investing in Lanarkshire’s business landscape with the acquisition of this landmark building.

“With continued demand for premium logistics and warehouse space, combined with a limited supply of high-quality accommodation, this property represents an excellent opportunity for businesses looking to establish or expand their presence in Central Scotland.

“We anticipate strong interest from occupiers seeking immediate access to well-connected industrial space, particularly given the shorter delivery times associated with refurbishment compared with new-build development.”

Yan Stewart, Director at Graham + Sibbald, added:

“Knight was able to move quickly on this ‘off-market’ acquisition, with the sellers keen to place the building with a purchaser capable of delivering on its vision for the asset.

“Their proven track record in delivering high-quality, well-specified industrial accommodation gives the market real confidence that the property will be rebranded and repositioned to meet modern occupier requirements and attract strong interest from industrial, logistics, e-commerce and warehouse operators, upon completion.”

The site is located within Bellshill Industrial Estate, part of Central Scotland’s established logistics and manufacturing corridor, with direct access to the A725 dual carriageway and convenient links to the M8 and M74 motorways. The location is home to a number of major occupiers, including Morrisons’ Scottish Distribution Centre, DHL, Yodel, FedEx Express, Wincanton, Müller, Renewable Energy Systems, Greenham and MAN Truck & Bus.

The property is being marketed jointly by Graham + Sibbald and Ryden.