Scotland


Clockwork Removals and Storage sees Rising Demand! As retail warehousing remains in high


much


demand in 2024, the sector is celebrating a period of sustained growth. Warehousing has grown 61% in the last decade and 22% in the past three years. Goods are no longer just stored in warehouses but are personalised, packaged and dispatched. Warehouses have become a vital part of the circular economy as they are hubs for managing returns, repairs and recycling.


The rise in online retailers has seen their


warehouse footprint increase by a whopping 813% since 2015 and global geopolitical events have highlighted the unpredictability of long supply chains. This, in turn, has led to an increasing number of businesses opting for nearshoring to ensure supply chain resilience.


Clockwork Removals and Storage have seen an increase in commercial storage enquiries from a diverse range of businesses from online retailers to interior designers and the Film & TV Industry. Founded in Edinburgh in 1996 Clockwork Removals and Storage have branches in Edinburgh, Glasgow, Inverness, Perth and Orkney providing flexible and secure warehouse facilities throughout Scotland. The company has a further four branches across England, establishing its UK presence in a competitive market.


Clockwork’s large scale storage solutions supply businesses throughout Scotland with needed enviable warehouse the commitment of transport space investing links without in expensive


overheads. Clockwork recently acquired a new warehouse on the A74 in Tollcross, Glasgow with


throughout


Scotland and the rest of the UK. This new warehouse is not only their biggest in Scotland, at nearly 40,000 sqft, but is also their tallest at over 11metres high. The 1.8 acre site is a high bay, multi use storage facility providing space for 1500 containers, pallets, racking, archives and self storage.


Clockwork Removals recently acquired Artlink Transport which specialises in the expert transportation and storage of fine art. This exciting acquisition will further develop the Clockwork Group services providing more specialised art services and high spec temperature controlled storage facilities.


Unlike other storage providers Clockwork also have the ability to deliver and install your items when and if required. Working with a number of furniture companies across the UK, the Clockwork team will deliver furniture directly to your customer’s homes.


As an award-winning member of the British Association of Removers, Clockwork also has a SafeContractor accreditation meaning they are audited annually. This assures clients that all staff are highly trained in commercial services.


laboratories,


They work in both the private and public sector managing moves for


museums, hotels, universities and schools.


Sustainability and ESG requirements have become part of our everyday agenda and Clockwork are doing their very best in what is a carbon intensive industry. Clockwork is committed to a sustainable future and have an annual Carbon Assessment caried out by Carbon Footprint.


“We are always striving to meet and exceed our environmental targets” says Paul Handley, Managing Director of Clockwork Removals. The business already has a robust fleet replacement plan ensuring their vehicles are compliant with Scotland’s LEZ zones, they offset carbon with UK tree planting initiatives and use recyclable materials for their packing services.


For more information on the services Clockwork Removals and Storage offers, call them on 0800 195 8671 or find them at


www.clockworkremovals.co.uk


hospitals,


Acuitus Scotland


In Scotland, we are seeing wide variety of properties being sold at auction, reflecting the diverse nature of the market both in terms of assets and investors.


High street retail properties in


market towns office across


Scotland remain popular, especially as retail continues to be a key sector. Post- COVID


occupancy


challenges have led to an increasing number of vacant office buildings being marketed and sold at auction, often for repurposing or


redevelopment. In addition to these traditional sectors, there has been a rise in the number of properties from the leisure and alternative sectors being sold at auction, reflecting changing demand dynamics.


The types of sellers and buyers at Scottish property auctions are also evolving. Historically, buyers of retail and office investments tended to be property companies or institutional


shifted, buyers have become more entrepreneurial and creative.


Increasingly, owner-occupiers


investors. However, as the market has and


smaller property companies are participating in auctions, seeking 32


Auction success rates in Scotland remain strong and consistent, reflecting a stable market environment. Auctioneers calculate sale rates immediately after each auction, and the percentage of successful sales has held up well across the year so far. Moreover, the amounts raised at auctions are increasing, suggesting that larger lots are being sold, and overall demand is robust.


Acuitus, a key auctioneer in Scotland, holds seven auctions annually, with a consistent and now increasing number of properties on offer being Scottish lots. There are two remaining auctions this year, and they are expected to be particularly interesting, especially in light of the upcoming Budget and its potential impact on private investors.


Mhairi Archibald is Scottish Consultant at the specialist commercial property auction house, Acuitus


COMMERCIAL PROPERTY MONTHLY 2024


opportunities in a market that now requires more inventive approaches to property investment.


The buyer base for Scottish properties is not limited to local buyers. Auctions consistently attract a wide range of buyers from across the UK. For Scottish lots, typically around 50% of buyers are Scottish, while the remaining 50% come from other parts of the UK. For more niche or alternative properties, local buyers often dominate, but properties in larger towns and cities tend to attract investors and developers from across the UK and, occasionally, from overseas.

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