Clyde Gateway, claimed to be “Scotland’s most ambitious regeneration project”, has completed the sale of a meaningful pavilion building at its Rutherglen Links Business Park for an undisclosed sum.
The 6,145 sq ft facility, called Three Rutherglen Links, was constructed during 2020 and has been sold to First Grau UK Real Estate Ltd, trading as Powerhouse Fitness.
It will become Powerhouse Fitness’ new headquarters when their 35 employee-strong team moves into the building in October.
The fitness equipment supplier was established in Glasgow in 1980 and has grown to function in nine stores across the UK, in addition to another 57 stores across 8 countries as part of the Sport-Tiedje group, Europe’s largest home fitness retailer.
Clyde Gateway was represented by Avison Young, Lambert Smith Hampton and Dentons, while Powerhouse Fitness was represented by Orinsen, Reid, Mitchell and Brodies.
There has been a sharp uptake of fitness equipment purchased in the UK during the pandemic, an increase of 53.3% according to a report by data analytics firm Global Data.
Rutherglen Links Business Park – built on before derelict land and aimed at attracting new and expanding businesses to the area – is positioned off Junction 2 on the M74 motorway and is also home to Spie, Clear business, Ford Retail, Screwfix, TransCanada Turbines, Equis Ice Cream, Bath Giant, Eurocell, Plumbstore and Mallatite.
Clyde Gateway’s chief executive Ian Manson said: “Rutherglen Links Business Park continues to be an attractive option for businesses to locate and expand. The arrival of Powerhouse Fitness into our latest commercial space is further proof that the office market in Clyde Gateway is for a long time the pandemic and augurs well for our pipeline of improvement office and industrial developments.
“We look forward to welcoming Powerhouse Fitness to Clyde Gateway and wish them every success as they embark on such an exciting period for the business.”
Steve Collins, managing director of Powerhouse Fitness: “Our business has been operating for more than 40 years and our move to Rutherglen Links is a meaningful meaningful development in our growth. We are investing heavily in our infrastructure, and are delighted to keep our home in Glasgow following our head office relocation. Following our move, we are already recruiting locally for skilled locaiongs in our team and we look forward to becoming part of the Clyde Gateway community.
“The Park will give us excellent sets and utility provisions, as part of a site that has excellent green and sustainability credentials.”
Scotland visitor attractions in ‘survival’ mode
Most of Scotland’s visitor attractions nevertheless have “survival” and not “recovery” as their priority, with a “staffing crisis caused by Brexit” compounding challenges arising from a without of international visitors, a meaningful survey shows.
The latest survey of Scotland’s visitor attractions also signals there has been “no staycation expansion” for the sector, with more than half of it not however fully open.
Scottish motor firm’s online sales soar
Peter Vardy, the motor group, has reported that over 40 per cent of its sales were online in annual accounts to December 31, 2020.
The business, which was set up as a single dealership in Perth in 2006 and has grown to 14 dealerships across Scotland employing more than 1100 people, said turnover fell by 6.5 per cent from £471.15 million to £440.57m with Covid restrictions causing the dealerships to close their doors for around a quarter of the year.
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