Could the new crossing drive a Fife commercial property boom?

Yes, say property specialists who have already started to see an increase in demand driven by the new transport corridor

The new Queensferry Crossing is already having positive impact on commercial property in Fife, according to property specialist Hardies, which says the bridge presents an excellent opportunity to create a prime transport and business hub in east central Scotland.
Paul Carr, an associate at Hardies’ Dunfermline office, says he also believes the forthcoming investment announced by DFDS Seaways and Forth Ports late last year – in which they have pledged to invest €6 million in infrastructure and technology upgrades at the Port of Rosyth – will bring new opportunities for Rosyth, Dunfermline and Dalgety Bay.
He said: “Fife is strategically placed to benefit from these new transport connections. It looks like the new bridge will be completed sooner than scheduled, which is fantastic news.”
“It’s already having a positive effect on  activity in the industrial sector with a 7000 sq ft warehouse property being let at Pitreavie Industrial Estate to a national telecommunications company, with the rental agreed at a comparatively strong £6 per sq ft. The new bridge was cited as the key factor in the choice of location.”
Carr also cited the importance of a strategic development site to the north of the established Mitchelston Industrial Estate in Kirkcaldy.
“It’s 79 acres, zoned for employment and industrial use and adjacent to the A92 trunk road – a very strong location. It has the potential to accommodate large strategic relocations as well as cope with the expansion of the existing industrial estate.”
We are feeling positive about the next few months, and wait to see who takes this site.”
Read more on the Port of Rosyth investment here at Ship & Bunker

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