Principal Asset Management has acquired a logistics facility in Cumbernauld, Scotland, on behalf of LOG IN, the European logistics and industrial fund managed by Theoreim.
Located at Westfield Industrial Estate, one of the most established business parks in Scotland's Central Belt, the 7,200-square-metre facility is let to the subsidiary of a US-based global freight forwarder on a 10-year lease with no break clause.
Originally built in 1995, the property has recently undergone a comprehensive refurbishment programme, including a new roof, LED lighting, façade, fencing, dock doors and office space. Following these works, it achieved an EPC ‘A’ rating.
The acquisition marks LOG IN’s fifth investment in the UK and its 17th overall.
Source: press release received on 8 December 2025