ATREG and Colliers secure sale of Freescale Semiconductor’s East Kilbride, Scotland facility

SEATTLE, USA: ATREG Inc. (Advanced Technology Resource Group), a Seattle-based global advisory firm to the semiconductor industry, and Colliers International have facilitated the successful sale and partial leaseback of the Freescale Semiconductor campus at East Kilbride, Scotland, in a deal which sees Edinburgh-based Clowes Developments (Scotland) Limited acquire the 800,000 sq. ft. facility located on 26 acres.

Freescale is leasing back 70,000 sq. ft. of campus offices from Clowes for research and development, applications engineering, systems architecture, and product engineering purposes. This agreement maintains Freescale’s presence at the location, while offering Clowes significant scope to redevelop the rest of the site.

“Our expert advice combined with Freescale’s proactive planning has resulted in ensuring continued employment in the tech sector of that region,” explains Stephen Rothrock, president and managing principal of ATREG. “We are pleased to have achieved such a successful transaction for our client in a down market.”

“This is the largest industrial disposal in the West of Scotland for some years, and despite challenging market conditions, we were successful in identifying a local buyer,” adds Iain Davidson, director, logistics and industrial with Colliers International in Scotland. “The transaction itself was not without its complexities given the scale, nature of the site, and our client’s requirement to lease back part of the site. However, we are delighted to have secured the sale to Clowes Developments.”

The value of the transaction has not been disclosed. Patrick Property Consultancy advised Clowes Developments (Scotland) Ltd during the transaction.

In December 2010, ATREG and Colliers International advised Freescale on the sale of its other Scottish semiconductor facility located in Dunfermline to Shepherd Offshore Services Ltd.