Major new industrial development at Ravenscraig Launches to Market
13 Mar 2026
A major new industrial and commercial development at Ravenscraig Enterprise Park has been brought to market by global real estate adviser, CBRE, on behalf of Fusion Assets Ltd, introducing much-needed new stock to the Central Scotland market.
The brand-new, multi-let scheme, totalling 62,400 sq ft and comprising 8 units will be delivered across two phases, with the first phase bringing forward 29,400 sq ft of high-quality industrial, business and storage accommodation on a speculative basis. Designed to meet modern occupier requirements, the development will offer flexible, energy-efficient space capable of accommodating a broad range of uses.
The development pipeline for Glasgow and the West in 2026 is extremely limited at circa 300,000 sq ft, with most prime and well-located multi-let industrial estates reporting fully occupancy. As a result, occupiers are facing significant rental uplifts at rent reviews and renewals, underlining the clear need for new space to enter the market.
The arrival of new space at Ravenscraig comes at a pivotal time for the industrial market across the wider Central Belt, where vacancy rates remain low and the supply of modern, high quality accommodation is constrained, leaving demand continuing to outpace availability.
Ravenscraig has benefited from significant public and private investment as part of its long-term regeneration, and this latest phase represents a further step in unlocking its full commercial potential. Strategically positioned within the Glasgow City Region, the site offers excellent connectivity to both the M74 and M8 motorways, providing direct access to key markets, labour pools and national transport networks.
Delivery of the first phase has been accelerated through £4.4 million of public funding from the Glasgow City Region City Deal and the Scottish Government’s Vacant and Derelict Land Fund. A further £6.8 million of City Deal funding will support additional commercial development at Ravenscraig and other sites in North Lanarkshire, reinforcing the area’s role in driving regional economic growth.
The scheme is being delivered by Fusion Assets Ltd, North Lanarkshire Council’s property development and regeneration company, which specialises in bringing brownfield land back into productive use and creating new employment opportunities across the region.
Craig Semple, Director at CBRE Scotland, said: “Bringing Ravenscraig Enterprise Park to the market is a very positive story for Central Scotland. For some time, occupiers have faced a shortage of modern, high-quality accommodation, particularly for growing businesses seeking well-located space.
“This scheme not only provides much-needed supply, it also demonstrates confidence in the strength of demand across the region. With strong infrastructure, motorway connectivity and the scale to accommodate a range of uses we expect strong interest from both regional and national occupiers.
“We are proud to have been appointed agents on such an important development. Construction is due to commence in March 26, with the first units ready for occupation in Q4 2026, and we encourage interested parties to get in touch for further information."
Murray Collins, Managing Director at Fusion Assets Ltd, said: “We are pleased to bring forward this new development at Ravenscraig Enterprise Park, building on the significant investment already made across the wider site. Our focus is on transforming brownfield land into high-quality commercial space that supports jobs and long-term economic growth in North Lanarkshire.
“The level of demand we are seeing for modern industrial and commercial premises underlines the importance of delivering new space at pace, and Ravenscraig is central to that ambition.”
