Amazon is facing eviction at one of its fulfilment centres in Scotland amid a high-stakes legal battle over rent rates.
M7, the property investment giant which owns the site in Inverclyde, is seeking to evict the retail giant while demanding damages over its extended stay at the premises.
The property giant, which owns 800 industrial assets in 13 countries, gave Amazon six-months’ notice to evict the premises in February in preparation for the expiration of its 15-year lease in August.
Amazon took M7 to the Court of Appeals arguing that it was entitled to a year’s notice, and despite losing the case has remained in the premises since its lease expired.
It is understood that M7 issued the eviction notice in a bid to force Amazon to respond to demands for a rent increase, with Amazon thought to be paying 60 per cent less than the market value.
Amazon is appealing the court ruling and the issue has been postponed until a future sitting at the court of session, and discussions over rent are reportedly now underway.
“We’re here to engage constructively and proactively with Amazon over this lease,” M7’s head of UK John Murnaghan said.
“However, we need to ensure we’re getting fair value for our investors.”