Iceland signs 20-year lease on regional distribution centre for Scotland

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Iceland, the leading British frozen food retailer, has officially signed for a lease of 20 years for its regional distribution centre at Houston Industrial Estate in Livingston.

The letting of the 284,000sq ft warehouse, at a rent of £6psf, marks a significant transaction for the Scottish industrial market. 

Owned by RPMI Railpen (Railpen), the investment manager for the £30bn Railways pension schemes, the Livingston site will continue to serve as a base for Iceland’s national operational logistics. 

Alastair Dawson, senior asset manager at Railpen, commented: “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.