HFD has sold an industrial building at Hamilton International Park in a deal valued at around £2.5m.
1 Watt Place has been acquired by Edinburgh Napier University and will be used by Built Environment – Smarter Transformation (BE-ST), which is part of the university. BE-ST was formerly known as Construction Scotland Innovation Centre.
The building was originally developed in the early 2000s by Scottish Enterprise as hybrid industrial-innovation accommodation.
HFD has managed Hamilton International Park since 2008. Following completion of HFD’s EcoCampus development in 2011, the business park is now fully developed and is home to more than 80 businesses, employing over 6,000 people.
Colliers and Savills represented HFD on the disposal, with EYCO acting for Edinburgh Napier University.
Stephen Lewis, managing director at HFD Property Group, said: “While our original plan was to let the building, when our neighbouring occupier enquired about purchasing 1 Watt Place we took the decision to sell.
“Having delivered multiple ‘firsts’ in Scotland, innovation is an important part of our own businesses, including HFD’s construction division, so we were pleased to support the university and its aim to drive further innovation in construction.”
HFD Group is one of Scotland’s largest commercial property companies. Over the last 30 years, it has developed a predominantly office led portfolio which includes industrial, data centre, retail and leisure projects for a range of sectors and occupiers.
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