Seattle, Wash., May 20, 2010 – Freescale Semiconductor UK Ltd. has appointed Colliers International, in conjunction with its semiconductor division ATREG, to market its former semiconductor manufacturing facility in East Kilbride located on the outskirts of Glasgow, UK. As part of the sale, Freescale will continue their long association with the site by leasing back part of the facility to accommodate their ongoing research and development (R&D) and business operations. The 26-acre site offers potential buyers an exceptional opportunity to re-use the existing buildings or undertake a redevelopment of the site.
Developed in stages from 1972 to 1996, the site comprises a number of different buildings totalling approximately 795,000 square feet, including former manufacturing space, cleanrooms and laboratory space, extensive office provision, and other staff amenities. Various ancillary support buildings provide additional flexibility while the site is fully secure and offers a total of 980 car parking spaces.
As part of the sale agreement, Freescale Semiconductor UK Ltd. will take a lease back of the ground and first floors (47,569 square feet) of the three-story main office and amenities block known as the ESB building.
“Freescale has retained Colliers International and ATREG because of their extensive track record in selling facilities of this type in the UK and globally,” comments Bob Dring, Freescale’s director of corporate real estate and risk management.
“This established business location is at the heart of Scotland’s industrial hub, with excellent transport links across the UK and into Europe, by way of the M74 / M8, Glasgow International Airport, and the nearby Eurocentral rail freight terminal,” added Iain Davidson, director at Colliers International. “We therefore expect the site will interest a broad spectrum of potential purchasers from both the occupational market to developers and investors who recognize the site’s potential. At a time when funding is difficult to obtain for property development, the benefit of significant rental income from an excellent covenant such as Freescale Semiconductor UK Ltd. is likely to be a real added attraction.”
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About Colliers International
Colliers International is now the world’s third-largest commercial real estate advisory business, employing over 15,000 professionals in 480 offices in 61 countries. Recent restructuring within Colliers International, as part of the drive to transform the company from a traditional network into an efficient and cohesive global business, means that approximately 70% of Colliers International businesses are now wholly, majority or partially owned by one company. For more information, please visit us online at www.colliers.com.
A semiconductor sales division of Colliers International, ATREG specializes in helping companies restructure advanced technology assets. Co-directed by Stephen Rothrock and Doug Barrett, ATREG has represented some of the semiconductor industry’s top companies in transactions totalling over U.S.$2 billion. ATREG advises on the sale of operational semiconductor fabs, wafer supply agreements, process and product intellectual property (IP), complete tool lines, and fab infrastructure. For more information, please visit us online at www.atreg.com.
About Freescale Semiconductor
Freescale Semiconductor is a global leader in the design and manufacture of embedded semiconductors for the automotive, consumer, industrial, and networking markets. The company is based in Austin, Texas and has design, research and development, manufacturing, or sales operations in more than 27 countries. In addition to its embedded processors, the company offers its customers a portfolio of complementary devices that provide connectivity between products, across networks and to real-world signals, such as sound, vibration, and pressure. Its complementary products include sensors, radio frequency semiconductors, power management, and other analog and mixed-signal integrated circuits. Through its embedded processors and complementary products it also offers customers combinations of semiconductors and software, which it refers to as platform-level products. For more information, please visit us online at www.freescale.com.