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Month: January 2022

Supply chain crisis drives consumers to buy locally

Posted on by David Priestman

As the global supply chain crisis continues to disrupt the retail industry, consumers are being forced to change their shopping habits and buy local (within their own countries) for speed and availability, new global research from SOTI has found.

Consumers are feeling the effects of supply chain issues first-hand, with over half (57%) of global consumers (58% UK) saying they have recently experienced one or more items not being available, have had to purchase alternatives when preferred products were not available, or have had to go to different retailers to find items in stock. Worse still, over one third of shoppers (35% global/38% UK) said items they wanted to purchase have not been available at all.

Compounding these supply issues, more than a third (34% global/30% UK) said they feel delivery times have been slower than usual and more than half (53% global and UK) said that shipping/delivery time is the most frustrating aspect of ordering online.

Unwilling to compromise on speed and availability, consumers are now paying special attention to the purchasing journey. More than a third (36% global and UK) said that if delivery or pick up of an item takes longer than two days, they will look elsewhere. Meanwhile, with deliveries from outside their own country now taking longer to arrive, more than half of consumers (52% global/60% UK) have changed their habits, saying they are now less likely to order an item that requires shipping from overseas than they were a year ago.

As part of the From Clicks to Ships: Navigating the Global Supply Chain Crisis 2022 Report, SOTI surveyed 10,000 consumers across the UK, US, Canada, Mexico, Germany, Sweden, France and Australia to understand how consumers are responding to the supply chain crisis, as well as their expectations of brands and retailers to cope with it.

It’s clear from the findings that consumers are unwilling to give retailers any leeway. When asked about their expectations and intentions:

  • Over two-thirds (68% global and UK) agreed that they now expect to know where their order is throughout the delivery process at all times
  • More than half (61% global/60% UK) agree they are continuing to shop with brands that can deliver goods the fastest
  • More than half (52% global and UK) agree they would be more likely to shop from a retailer’s store if multiple return points were offered
  • Over one third (35% global and UK) agreed that knowing who a retailer’s delivery partner is has resulted in them not completing an order with that retailer

The onus is now on retailers to adapt to these behaviours and match up with consumer preferences.

“Brands and retailers are having to rethink how they approach customer relationships and go-to-market strategies in response to this state of flux,” explains Sarah Edge, Director of Sales, UK and Ireland at SOTI. “It’s imperative they have the right data at their fingertips to cater to these changing consumer preferences. The brands that have the flexibility that allows them to provide the best possible customer experience, no matter how or where customers shop, will be the most resilient.”

Looking to the future, when asked if they would consider using any of the following alternative delivery options in 2022, 63% (global and UK) said they would consider in-store delivery/collection (“click and collect”/buy online and pick up in-store) and half (50% global/46% UK) would consider delivery to a designated drop-off point.

Consumers are also open to even more significant changes in the way they receive their goods as technology advances. Almost half (46% global/45% UK) said they would consider either autonomous vehicles to deliver larger packages to their home or other convenient location, or delivery drones to deliver small packages (43% global/39% UK).

“Having the right mobile technology will help retailers to improve both their communications and customer experience across all their channels. Ensuring they have mobile-enabled operational intelligence, will give brands and retailers the ability to diagnose problems quickly and adapt fast to meet ever-changing consumer needs and preferences. The only certainty is uncertainty in this current retail environment. But, by ensuring their consumers have choice and flexibility, brands and retailers, as well as their logistics partners, can prepare themselves for all eventualities,” concludes Edge.

CLICK HERE to read the full report

Teletrac Navman signs telematics deal with ASCO

Posted on by Keith McKinley

Teletrac Navman, a global market leader in telematics technology, has secured a contract with logistics and materials management company, ASCO, to supply its mobile asset and fleet management technology for the optimisation of a 350-strong fleet of vehicles in the UK.

Headquartered in Dyce, Aberdeen, ASCO provides logistics and materials management services, operating across markets including new energy, decommissioning and oil and gas. The company required a telematics solution for its fleet, that would increase business compliance through tachograph downloads, increase safety with driver behaviour monitoring and reduce fuel speed and CO2 output.

ASCO selected Teletrac Navman’s TN360 AI-powered vehicle tracking software due to its ability to deliver telematics functionalities in real-time and provide simplified, smart, predictive, and actionable insights. Included within the platform is an ‘Insights’ tool, which provides platform users with visibility into business and fleet operations, to make meaningful and critical business decisions. It can be voice activated – using natural language search terms – so that users can ask a question and receive visuals results in response, enabling teams to share data and identify anomalies and patterns in their data, to make fast, efficient business decisions.

Rebecca Ogg, Buyer at ASCO, said: “We operate a large-scale and fast-paced business and needed to find a holistic telematics solution that would accommodate varied assets needs, from trucks, vans, trailers and fuel tankers. We really valued the fact that Teletrac Navman’s TN360 solution provides a much greater level of visibility into the data we capture from our fleet. And as a result, we believe this technology will provide us with a more transparent way of working with our customers and will allow both parties to be more informed, so that we can turn data into decisions that benefit both our business and our customers.”

The package includes the Pre-Trip checklist app, which simplifies the capture of maintenance and compliance information. Drivers can complete digital checklists via the app, such as vehicle pre-trip inspections and driver fit-for-duty assessments and data is automatically captured within the telematics platform. In addition, the EasyDocs app enables businesses to upload, store and share important documents across entire fleets and mobile workforces. This cloud-based filing system is specifically designed for fleets and enables staff to save time looking for documents.

Peter Millichap, Marketing Director at Teletrac Navman UK, said: “Our primary aim is to ensure that our customers can access the most relevant and accurate telematics data from their fleets, without the complexity and inefficiency of paper or spreadsheets. As the world advances across all areas to become more digital, and the transport and logistics industry pushes towards a safer and more sustainable future, it’s imperative that fleet managers can access data and make decisions for the betterment of their business and the industry as a whole. We are thrilled to have been awarded the contract with ASCO and look forward to working with them.”

ASCO has approximately 90 drivers in the UK – split between Scotland and England – and 60 personnel who will require access to the solution, ranging from admin to IT and operations to managers. All of whom will receive virtual training on the telematics solution with Teletrac Navman, which is scheduled to go live on the 1st November.

Ogg added: “As we look ahead to meeting our Net Zero Green House Gas emissions by 2040 target and make the switch to electric vans, we also see Teletrac Navman’s EV Readiness Tool being a very useful addition to our platform.”

Teletrac Navman’s EV Readiness Tool analyses all telematics data to provide operators with detailed recommendations of where electric vehicles could be adopted into their operation. Moreover, the smart algorithms behind the tool not only tell you the feasibility of switching, they also calculate the total cost of ownership of an EV switch versus the existing fleet (purchase price, residual value, taxes, insurance, maintenance, electricity costs), as well as the total CO2 and fuel savings the business would make.

Teletrac Navman signs telematics deal with ASCO

Posted on by David Priestman

Teletrac Navman, a global market leader in telematics technology, has secured a contract with logistics and materials management company, ASCO, to supply its mobile asset and fleet management technology for the optimisation of a 350-strong fleet of vehicles in the UK.

Headquartered in Dyce, Aberdeen, ASCO provides logistics and materials management services, operating across markets including new energy, decommissioning and oil and gas. The company required a telematics solution for its fleet, that would increase business compliance through tachograph downloads, increase safety with driver behaviour monitoring and reduce fuel speed and CO2 output.

ASCO selected Teletrac Navman’s TN360 AI-powered vehicle tracking software due to its ability to deliver telematics functionalities in real-time and provide simplified, smart, predictive, and actionable insights. Included within the platform is an ‘Insights’ tool, which provides platform users with visibility into business and fleet operations, to make meaningful and critical business decisions. It can be voice activated – using natural language search terms – so that users can ask a question and receive visuals results in response, enabling teams to share data and identify anomalies and patterns in their data, to make fast, efficient business decisions.

Rebecca Ogg, Buyer at ASCO, said: “We operate a large-scale and fast-paced business and needed to find a holistic telematics solution that would accommodate varied assets needs, from trucks, vans, trailers and fuel tankers. We really valued the fact that Teletrac Navman’s TN360 solution provides a much greater level of visibility into the data we capture from our fleet. And as a result, we believe this technology will provide us with a more transparent way of working with our customers and will allow both parties to be more informed, so that we can turn data into decisions that benefit both our business and our customers.”

The package includes the Pre-Trip checklist app, which simplifies the capture of maintenance and compliance information. Drivers can complete digital checklists via the app, such as vehicle pre-trip inspections and driver fit-for-duty assessments and data is automatically captured within the telematics platform. In addition, the EasyDocs app enables businesses to upload, store and share important documents across entire fleets and mobile workforces. This cloud-based filing system is specifically designed for fleets and enables staff to save time looking for documents.

Peter Millichap, Marketing Director at Teletrac Navman UK, said: “Our primary aim is to ensure that our customers can access the most relevant and accurate telematics data from their fleets, without the complexity and inefficiency of paper or spreadsheets. As the world advances across all areas to become more digital, and the transport and logistics industry pushes towards a safer and more sustainable future, it’s imperative that fleet managers can access data and make decisions for the betterment of their business and the industry as a whole. We are thrilled to have been awarded the contract with ASCO and look forward to working with them.”

ASCO has approximately 90 drivers in the UK – split between Scotland and England – and 60 personnel who will require access to the solution, ranging from admin to IT and operations to managers. All of whom will receive virtual training on the telematics solution with Teletrac Navman, which is scheduled to go live on the 1st November.

Ogg added: “As we look ahead to meeting our Net Zero Green House Gas emissions by 2040 target and make the switch to electric vans, we also see Teletrac Navman’s EV Readiness Tool being a very useful addition to our platform.”

Teletrac Navman’s EV Readiness Tool analyses all telematics data to provide operators with detailed recommendations of where electric vehicles could be adopted into their operation. Moreover, the smart algorithms behind the tool not only tell you the feasibility of switching, they also calculate the total cost of ownership of an EV switch versus the existing fleet (purchase price, residual value, taxes, insurance, maintenance, electricity costs), as well as the total CO2 and fuel savings the business would make.

Randex announces enhanced integration

Posted on by David Priestman

Vertical storage lift company Randex has revealed the latest integration of its ‘Compact’ automated storage technology with an ERP system – the IFS, or Industrial and Financial System.

‘Compact’ can now be integrated with over 20 established enterprise systems including IBM Maximo, SAP, JDA, Red Prairie and Blue Yonder.

“Integrating these two core technologies optimises picking and replenishment, including pick to light, setting the industry standard. Users can achieve this using their existing IT environment,” says Randex director James Roberts. Organisations report productivity improvements of up to 400% following a successful integration using its simple API, says Randex.

‘Compact’ vertical storage lifts save up to 90% of floor space compared to standard shelving and pallet racking. They can manage loads of up to 100 tonnes and enable warehouse operatives to complete up to four times more picks than in a traditional warehouse, with goods automatically presented to the picker.

Randex Ltd is the sole UK distributor for Compact Vertical Storage Lifts, manufactured in Sweden by Weland Solutions, a member of the privately owned, global group Weland AB. Randex customers include Bombardier, DHL, Fujifilm, Howdens, Hutchison Ports, Jaguar Land Rover, Ministry of Defence, P&G, Pfizer, Rolls Royce and Specsavers.

Randex announces enhanced integration

Posted on by Keith McKinley

Vertical storage lift company Randex has revealed the latest integration of its ‘Compact’ automated storage technology with an ERP system – the IFS, or Industrial and Financial System.

‘Compact’ can now be integrated with over 20 established enterprise systems including IBM Maximo, SAP, JDA, Red Prairie and Blue Yonder.

“Integrating these two core technologies optimises picking and replenishment, including pick to light, setting the industry standard. Users can achieve this using their existing IT environment,” says Randex director James Roberts. Organisations report productivity improvements of up to 400% following a successful integration using its simple API, says Randex.

‘Compact’ vertical storage lifts save up to 90% of floor space compared to standard shelving and pallet racking. They can manage loads of up to 100 tonnes and enable warehouse operatives to complete up to four times more picks than in a traditional warehouse, with goods automatically presented to the picker.

Randex Ltd is the sole UK distributor for Compact Vertical Storage Lifts, manufactured in Sweden by Weland Solutions, a member of the privately owned, global group Weland AB. Randex customers include Bombardier, DHL, Fujifilm, Howdens, Hutchison Ports, Jaguar Land Rover, Ministry of Defence, P&G, Pfizer, Rolls Royce and Specsavers.

Toshiba launches “high-energy” lithium-ion battery

Posted on by David Priestman

Toshiba Corporation has expanded its SCiB product offering with the launch of an innovative 20Ah-HP rechargeable lithium-ion battery cell that it says delivers high energy and high power at the same time.

The market wants batteries that deliver both high-energy and high-power characteristics, but until now this has required a trade-off for rechargeable lithium-ion batteries. In an EV, for example, a high-energy battery allows the vehicle to drive further on a single charge – but it lowers power input and output and extends charge times. Toshiba says it drew on its know-how in current high-energy and high-power products to develop a new cell that successfully combines the advantages of both.

The cell is described as ideal for heavy-load applications where high power input and output are essential, and for situations where battery cells must suppress heat and operate continuously, such as rapid charging of commercial vehicles, regenerative power systems for rolling stock, and industrial equipment. The cell is the same size as Toshiba’s current 20Ah product, allowing current customers to easily upgrade to the improved input and output power with the same module pack. The cell is now available to order worldwide.

Compared to Toshiba’s current 20Ah cell, the new 20Ah-HP cell delivers 1.7x higher input and 1.6x higher output, realised by an approximately 40% reduction of resistance in the cell. This improvement efficiently suppresses heat generation when a large current is applied, allowing design of a simpler cooling system. For example, depending on the customer’s system, water cooling can be simplified to forced air cooling, and forced air cooling simplified to natural cooling. The lowered resistance also reduces overvoltage, allowing the cell to function in a wider range of state-of-charge (SOC).

The new 20Ah-HP cell achieves a longer life than the current 20Ah cell by suppressing heat during continuous charging and discharging, due to its lower internal resistance. Under test conditions, the cell maintained almost 100% capacity after 8,000 charge/discharge cycles, while the capacity of the current 20Ah cell decreased by approximately 10%.

The new 20Ah-HP cell delivers improved input and output power but maintains the same size as the current 20Ah cell, allowing current customers to easily upgrade to the improved performance with the same module pack.

Toshiba expects to see the new cell deployed in automobiles, industrial equipment, and storage battery systems. Some examples include drive power supply and emergency power supply for railways, regenerative power supply for harbour cranes, electric ferries, hybrid buses, trucks, hybrid electric vehicles (HEVs) and plug-in HEVs (PHEVs), alternatives to lead-acid batteries and storage battery systems.

Toshiba launches “high-energy” lithium-ion battery

Posted on by David Priestman

Toshiba Corporation has expanded its SCiB product offering with the launch of an innovative 20Ah-HP rechargeable lithium-ion battery cell that it says delivers high energy and high power at the same time.

The market wants batteries that deliver both high-energy and high-power characteristics, but until now this has required a trade-off for rechargeable lithium-ion batteries. In an EV, for example, a high-energy battery allows the vehicle to drive further on a single charge – but it lowers power input and output and extends charge times. Toshiba says it drew on its know-how in current high-energy and high-power products to develop a new cell that successfully combines the advantages of both.

The cell is described as ideal for heavy-load applications where high power input and output are essential, and for situations where battery cells must suppress heat and operate continuously, such as rapid charging of commercial vehicles, regenerative power systems for rolling stock, and industrial equipment. The cell is the same size as Toshiba’s current 20Ah product, allowing current customers to easily upgrade to the improved input and output power with the same module pack. The cell is now available to order worldwide.

Compared to Toshiba’s current 20Ah cell, the new 20Ah-HP cell delivers 1.7x higher input and 1.6x higher output, realised by an approximately 40% reduction of resistance in the cell. This improvement efficiently suppresses heat generation when a large current is applied, allowing design of a simpler cooling system. For example, depending on the customer’s system, water cooling can be simplified to forced air cooling, and forced air cooling simplified to natural cooling. The lowered resistance also reduces overvoltage, allowing the cell to function in a wider range of state-of-charge (SOC).

The new 20Ah-HP cell achieves a longer life than the current 20Ah cell by suppressing heat during continuous charging and discharging, due to its lower internal resistance. Under test conditions, the cell maintained almost 100% capacity after 8,000 charge/discharge cycles, while the capacity of the current 20Ah cell decreased by approximately 10%.

The new 20Ah-HP cell delivers improved input and output power but maintains the same size as the current 20Ah cell, allowing current customers to easily upgrade to the improved performance with the same module pack.

Toshiba expects to see the new cell deployed in automobiles, industrial equipment, and storage battery systems. Some examples include drive power supply and emergency power supply for railways, regenerative power supply for harbour cranes, electric ferries, hybrid buses, trucks, hybrid electric vehicles (HEVs) and plug-in HEVs (PHEVs), alternatives to lead-acid batteries and storage battery systems.

Goodman creates more DC space in M25 hotspot

Posted on by Keith McKinley

To meet rising demand for sustainable logistics space with easy access to consumer markets, Goodman has launched a 500,000 sq ft site in M25 e-commerce hotspot, Dartford. This is the first of its UK portfolio to feature full rooftops of solar PV as it accelerates its commitment to low carbon technologies.

Available for immediate occupation and comprising three high-specification units of 240,884 sq ft, 138,062 sq ft and 101,659 sq ft, Crossways Commercial Park offers state-of-the-art facilities for customers across retail, e-commerce and logistics.

With direct access to Junction 1a of the M25, the site’s fast connections to London and the national motorway network place 10.4 million consumers within a 60-minute HGV drive-time with a purchasing power of £268.1bn. Kent’s excellent freight links to the Channel Tunnel, Port of Dover and London Thamesport also make the facilities ideal for businesses serving UK, European and international markets.

Crossways Commercial Park is among Goodman’s most sustainable UK developments and is the first to feature a full rooftop array of solar photovoltaics (PV) across each building. The 2.2MW system will generate a combined annual power output of almost two million kWh – equivalent to removing 435 tons of carbon from the atmosphere or planting 20,727 trees.

Designed to support customers decarbonise their operations, Crossways Commercial Park features solar thermal hot water, solar heating for office areas and other sustainable features including electric vehicle (EV) charging points, infrastructure for EV fleets, rainwater harvesting and smart metering, to help monitor and reduce energy consumption. Delivered to a BREEAM ‘Excellent’ specification and achieving an A+ energy rating, each building also features a carbon neutral cladding system, designed to meet ‘chill-store’ and ambient product storage requirements.

George Glennie, Development Director at Goodman, said: “Crossways Commercial Park is a prime example of Goodman’s global focus on delivering sustainable properties that utilise the latest innovations in design, construction, and energy generation.

“Not only is it our most sustainable property in the UK, but it sets a standard for future properties we will be developing Its strategic location is also set to drive supply chain efficiencies for our customers, placing them closer to consumers which in turn drives down transport emissions.”

The launch of Crossways Commercial Park also follows Goodman UK achieving a 5 Star Rating in the Development benchmark by GRESB, a leading sustainability assessment for the real estate sector.

Glennie added: “Through developments such as Crossways Commercial Park, we are realising our ambition to deliver properties that can meet our customers’ needs now and into the future.”

Crossways Commercial Park adds to Dartford’s reputation as a thriving distribution and supply chain destination, with more than 4,000 people employed in logistics and e-commerce. Part of an established business park spanning 300-acres, the development offers customers excellent on-site amenities in an attractive, landscaped setting. Employees will also benefit from a range of dedicated public transport options, helping to support recruitment and staff retention.

Gavin Cleary, CEO at Locate in Kent, said, “We welcome this outstanding new facility in Dartford. Goodman is not only meeting the demand for high quality, well connected space in Kent, but is also responding to the very strong desire from international companies to have sustainable, environmentally-conscious and future-facing facilities in the UK.

“This investment once again demonstrates why Kent is perfectly placed for logistics and distribution companies wishing to expand operations and maximise their potential.”

Goodman creates more DC space in M25 hotspot

Posted on by David Priestman

To meet rising demand for sustainable logistics space with easy access to consumer markets, Goodman has launched a 500,000 sq ft site in M25 e-commerce hotspot, Dartford. This is the first of its UK portfolio to feature full rooftops of solar PV as it accelerates its commitment to low carbon technologies.

Available for immediate occupation and comprising three high-specification units of 240,884 sq ft, 138,062 sq ft and 101,659 sq ft, Crossways Commercial Park offers state-of-the-art facilities for customers across retail, e-commerce and logistics.

With direct access to Junction 1a of the M25, the site’s fast connections to London and the national motorway network place 10.4 million consumers within a 60-minute HGV drive-time with a purchasing power of £268.1bn. Kent’s excellent freight links to the Channel Tunnel, Port of Dover and London Thamesport also make the facilities ideal for businesses serving UK, European and international markets.

Crossways Commercial Park is among Goodman’s most sustainable UK developments and is the first to feature a full rooftop array of solar photovoltaics (PV) across each building. The 2.2MW system will generate a combined annual power output of almost two million kWh – equivalent to removing 435 tons of carbon from the atmosphere or planting 20,727 trees.

Designed to support customers decarbonise their operations, Crossways Commercial Park features solar thermal hot water, solar heating for office areas and other sustainable features including electric vehicle (EV) charging points, infrastructure for EV fleets, rainwater harvesting and smart metering, to help monitor and reduce energy consumption. Delivered to a BREEAM ‘Excellent’ specification and achieving an A+ energy rating, each building also features a carbon neutral cladding system, designed to meet ‘chill-store’ and ambient product storage requirements.

George Glennie, Development Director at Goodman, said: “Crossways Commercial Park is a prime example of Goodman’s global focus on delivering sustainable properties that utilise the latest innovations in design, construction, and energy generation.

“Not only is it our most sustainable property in the UK, but it sets a standard for future properties we will be developing Its strategic location is also set to drive supply chain efficiencies for our customers, placing them closer to consumers which in turn drives down transport emissions.”

The launch of Crossways Commercial Park also follows Goodman UK achieving a 5 Star Rating in the Development benchmark by GRESB, a leading sustainability assessment for the real estate sector.

Glennie added: “Through developments such as Crossways Commercial Park, we are realising our ambition to deliver properties that can meet our customers’ needs now and into the future.”

Crossways Commercial Park adds to Dartford’s reputation as a thriving distribution and supply chain destination, with more than 4,000 people employed in logistics and e-commerce. Part of an established business park spanning 300-acres, the development offers customers excellent on-site amenities in an attractive, landscaped setting. Employees will also benefit from a range of dedicated public transport options, helping to support recruitment and staff retention.

Gavin Cleary, CEO at Locate in Kent, said, “We welcome this outstanding new facility in Dartford. Goodman is not only meeting the demand for high quality, well connected space in Kent, but is also responding to the very strong desire from international companies to have sustainable, environmentally-conscious and future-facing facilities in the UK.

“This investment once again demonstrates why Kent is perfectly placed for logistics and distribution companies wishing to expand operations and maximise their potential.”

Co-op secures M8 distribution site

Posted on by Keith McKinley

Tulchan Developments, advised by Montagu Evans, has agreed the pre-let of a new facility for Co-operative Group at Link Park, Newhouse, on the M8 east of Glasgow. The project will be brought forward in a joint venture with landowner Fusion Assets, the arm’s length property development and regeneration company of North Lanarkshire Council. Forward funding for the c.£12m facility is being provided by an overseas investor.

Co-op has taken 47,565 sq ft distribution facility with enhanced specification and additional service yard and HGV parking on an 18-year lease at £12.15 per sq ft. Located next to its main 500,000 sq ft Glasgow distribution centre, construction has now started with completion planned for October 2022.

Fusion Assets acquired the seven-acre brownfield site in 2014 and completed a package of enabling works funded by the Scottish Government through the North Lanarkshire Vacant and Derelict Land Programme to create a fully serviced and development ready site. A procurement exercise to find the right development partner was caried out last year to allow the occupier to have the facility available in 2022.

Gavin Robertson, Director at Tulchan Developments, said: ”We’re pleased to have secured a high-quality pre-let for this strategic site and are on track for completion later this year. This is the second unit we’ve been involved in for Co-op with Newhouse providing a key part of their overall logistics network in Scotland going forward.’’

Bryce Stewart, Partner at Montagu Evans, said: ”With an increasing shortage of industrial and logistics stock across Scotland, this will be the first of many pre-lets over the coming months as demand for space continues to grow.’’

Iain Davidson, Director at Colliers, which advised Fusion Assets, said: “This was a multi-layered deal brought forward by a number of parties working together in close cooperation. The new facility will help boost the local economy as well as providing an important part of Co-op’s distribution network in Scotland.”

Murray Collins, Managing Director of Fusion Assets, said: “I am delighted that the initial public sector investment in acquiring and remediating the site at Link Park, Newhouse, has levered in additional investment from an overseas investor and secured Co-op as a tenant. The new Co-op facility will provide additional job opportunities and further embed a large and important employer into the local area.”

Tim Ellis of Co-Op Logistics added: ‘’We are delighted that work has started on the bespoke de-kit facility adjacent to our depot off the M8 outside Glasgow at Newhouse. The existing depot already serves around 600 Co-op stores and this new facility strengthens our core logistics operation in North Lanarkshire. Despite the challenging times, the Development team and their contractor are on programme to deliver the unit this autumn which in turn allows us to upgrade part of the existing depot. This investment is key to the development of our overall network as part of our commitment to Scotland.’’

Montagu Evans advised Tulchan Developments on the leasing and forward funding. Colliers advised Fusion Assets. Matthews & Goodman advised Co-op on the letting. Lismore acted for the overseas investor on the forward funding.

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