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Industrial Estates Ltd (Factories)

Volume 531: debated on Tuesday 27 July 1954

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asked the Secretary of State for Scotland in which areas Industrial Estates Limited are now building; at what maximum rent, per square foot, the resultant factory space will be let; and how this latter figure compared with the minimum annual rent per square foot which could be charged by the Glenrothes Development Corporation at the present time.

Scottish Industrial Estates, Ltd., are at present building factories at Greenock, East Kilbride, Thornliebank, Newhouse, Queenslie, Kilmarnock and the Vale of Leven. The rent at which they will be let cannot be calculated until their completion but will probably be about 1s. 6d. per square foot. For similar accommodation provided by Glenrothes Development Corporation the economic rent, which is the rent the corporation would normally expect to receive, would probably be about 4s. per square foot.