On behalf of syndicated equity clients, Cedarwood has agreed the surrender of an 11.5 year unexpired lease from the Co-Operative Group Ltd for a substantial premium payment on a coldstore facility on a 9 acre site in Harthill, near Glasgow. Cedarwood has also negotiated a fixed price remediation contract with Transform Land with the remediation being paid for by the Co-op in addition to the surrender premium paid. The deal has enabled the syndicate to repay the debt, and the investors have had all their original equity returned, plus an additional 16% on their original equity stake. The syndicate still own the land, which is currently being remediated and the old cold store building is being demolished, prior to the site being offered for rent or sale for secure, concreted open storage, complete with a small workshop and fuel storage on site.