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Fife Business Week takes a view of commercial property at the former Hyundai Factory

While it is normally newly completed buildings that play host to special events, semi-demolished Hyundai factory in Dunfermline was the centre for a Fife Business Week event on commercial property and development in Fife, in association with owners Shepherd Offshore on Thursday 10th November.

Around 75 people with business property interests attended to hear from the Invest in Fife team, Andy Williamson from Shepherd Offshore, Bryce Stewart of Colliers International and Dr Mark Robertson of Ryden LLP.

Mr Williamson presented the masterplan for the Halbeath site and how it will be developed.

Dr Robertson acknowledged what a difficult year this has been for commercial property across Scotland but highlighted a number of major transactions in Fife this year, including Amazon, Shepherd Offshore and Morpol, at the former Lexmark factory, which total around 200,000sq metres of new development. He also said that the new Forth Replacement Crossing will stimulate the market and that the renewable energy sector offered potential, too.

Fife Council’s Invest in Fife team initiated the visit as part of their work with commercial property developers to attract new business and investment to Fife from the rest of the UK and overseas, while also supporting homegrown Fife companies. This year has seen significant new developments as Ross Mackenzie, Lead Officer – Investment for Invest in Fife, explained. “Fife has a number of strategically important development areas, which are seeing a considerable level of investment such as Shepherd Offshore and Amazon and we are delighted that the second phase of the Energy Park Fife has been announced. There is considerable expansion activity and the emergence of future development opportunities, which is great news for the Fife economy.”

The visit is the second, annual large scale property event to focus on new commercial development and the support available through Invest in Fife.

left to right: Andy Williamson (Shepherd Offshore), Dr Mark Robertson (Ryden), Ross Mackenzie (Invest in Fife), and Councillor Tony Martin

Anyone wanting a copy of the presentations from the event, please email enquiries@investinfife.co.uk

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