Kloeckner Metals opens a new metal stockholding and processing unit comprising aluminium & steel

Kloeckner Metals UK has recently inaugurated its cutting-edge stockholding and processing facility at Newbridge Link in the Newbridge Industrial Estate in Edinburgh. With a substantial stock capacity of 5,000 tonnes, comprising aluminium, carbon steel, and stainless steel, combined with Kloeckner Metals UK's extensive processing proficiency, the facility is well-equipped to provide a wide range of sustainable solutions.

Opting for a strategic location just 10 miles from the city centre, the company has established the largest metal stockholding and processing warehouse in Scotland, featuring an impressive internal space exceeding 100,000 square feet and an accompanying 11,114 square feet office pavilion.

Peter Whiting, CEO of Kloeckner Metals UK, said, "At Kloeckner, we continue to showcase a profound commitment to sustainability, investing in cutting-edge technologies and advanced equipment to deliver sustainable, efficient and dependable services. The opening of our new site in Newbridge is a testament to our unwavering commitment to meeting the needs of the Scottish market while actively contributing to a more sustainable future."

CBRE, representing asset managers JCAM Property, facilitated the leasing of Unit 1 at Newbridge Link, while LSH represented Kloeckner in the transaction. Reflecting both the occupier and landlord's dedication to sustainability, CBRE played a crucial role by advising and incorporating a Green Lease Clause into the deal structure.

The selection of the building was influenced by the superior refurbishment executed by the landlord. Newbridge's strategic location was also a key factor, providing Kloeckner with exceptional connectivity to enhance its broader operations across the UK.

Mike Brown, Associate Director at CBRE, stated, “CBRE is delighted to have secured this excellent deal on behalf of the landlord, signalling one of the largest industrial transactions in Scotland for 2023. The fact the building was let prior to a formal launch of the marketing provides evidence to the critical lack of good quality industrial buildings in Scotland currently, and Kloeckner’s acquisition is adequate reward for JCAM Property who took on this large-scale project.”