Family firm Rix Shipping is investing £1 million into its Montrose site to bring more business to the town.
The company is creating a new, speculative warehouse and office development at the Port of Montrose.
The 30,000 sq ft scheme, which replaces an existing building on Meridian Street owned by the company, is being developed as a bulk storage facility for companies wanting to take advantage of Montrose’s strategic position on the North Sea.
Planning consent for the development has been granted by Angus Council and demolition on the site is due to start next month.
The warehouse and office complex, is due to be completed by August.
James Doyle, managing director of Rix Shipping, said the new scheme would rejuvenate the area and attract economic activity and jobs to the port.
He added enquiries about the development have been flooding in as businesses look to take advantage of the ongoing investment that is taking place in the town.
Mr Doyle said: “As a company we have operated in Montrose for nearly 50 years and we have seen the fortunes of the town change over that time.
“It has been through some great times and some not so great times but we like to think we have been a constant feature of the quayside area and played our part in making Montrose a thriving place to do business.
“The town is seeing a lot of investment and that is fantastic. We want to be part of that and to play our role in ensuring there is a buoyant local economy and that is why we have chosen to investment this money now.
“We think a lot of companies will be interested in locating their port operation here, which is why we decided to invest.”
Mr Doyle added the new development would improve an area of the town that was in sore need of redevelopment.
“Over the years the buildings around Meridian Street have become run down and a bit tatty and the area needs tidying up.
“But they will be coming down soon and the land cleared for the new development,” he said.
Mr Doyle concluded: “Once it is up the area will look much better and more attractive to the type of occupier we have in mind for the site.
“It is a very exciting project that will bring benefits to us as a company, to the end user and to Montrose so it really is an investment worth making.”