RPMI Railpen secures 20-year lease with Iceland at Livingston Industrial Estate
Iceland, a leading British frozen food retailer, has officially signed a 20-year lease with RPMI Railpen (Railpen) for its regional distribution centre at Houston Industrial Estate in Livingston.
The letting of the 284,000 sq ft warehouse, at a rent of GBP6 psf, marks a significant transaction for the Scottish industrial market.
The Livingston site will continue to serve as a base for Iceland’s national operational logistics.
Alastair Dawson, Senior Asset Manager at Railpen, says: “We are very pleased to have agreed a secure, long-term commitment from Iceland at this facility which ultimately delivers returns for our 350,000 members.”
Poseidon Developments advised Railpen in the deal.