Wednesday, September 16, 2009

CCG buys industrial site for ВЈ4.7m to boost off-site manufacture

CCG Group has bought a distribution warehouse in Cambuslang, South Lanarkshire, for ВЈ4.7m.

CCG indicated it signed the deal because it wants to use the site to expand its operations and use the warehouse as a base for its off-site manufacturing operations.

The BBC said the transaction was one of Scotland's largest industrial sales of 2009.

Alastair Wylie, the managing director of CCG Group, said: "We were assessing options for creating a new facility and were keen to consolidate our operations within the Cambuslang Investment Park.

"An opportunity arose to buy a quality building, which met many of our specific requirements, at a figure substantially below what it would of cost to build from new.

"The timescales involved also suited our group, allowing us to bring forward our plans to expand our off-site manufacturing division from a strategic Glasgow base."

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