Cumbernauld Town and Shopping Centre, Cumbernauld
Purchased by way of joint venture, Cumbernauld Town and Shopping Centre is a substantial mixed use investment comprising a large part of the wider town centre. The ownership extends to approximately 420,000 sq ft arranged over 9 levels including retail, nursery, offices, F&B and leisure accommodation, with approximately 970 dedicated car parking spaces. The investment is high yield in nature, and as well as the day to day activities, such as lease extensions, lease re-gears and new lettings, offers a number of more strategic asset management opportunities, many of which are currently being advanced.
Current occupiers include New Look, Exercise4Less, Argos, Home Bargains and Santander.
Phases 1 and 2 were purchased in 2013 with Phase 4 added in 2016.
Paisley Central Retail Park, Renfrew Road
Paisley Central Retail Park occupies a prominent location on Renfrew Road, one of the main arterial routes to Paisley town centre. The Park comprises a retail warehouse terrace of approximately 48,800 sq ft which was recently refurbished. The surrounding area has improved recently with the emergence of new developments including commercial/retail uses and residential. The site opposite, previously owned by Tesco, has now been sold for a proposed retail development, and once developed, will help to consolidate retailing in this location and benefit the subject property.
The terrace is now fully let to B&M Retail Limited and Pure Gym Limited.
Purchased July 2015
Waterfront Retail Park, Greenock
Waterfront Retail Park is an open class 1 non-food retail park located in the popular town of Greenock in the West of Scotland. Situated in a prominent location adjacent to the town centre and A8, the park benefits from both a central location and ease of access, with 337 free car parking spaces. The Park lies adjacent to an established Tesco Extra 24 hour and food store, Lidl, Mecca Bingo and Waterfront Leisure Centre. The investment offers a number of opportunities to add value including the development of a new Pod unit of up to 6,000 sq ft.
Current tenants include Home Bargains, DSG, Pets and Home, and Halfords.
Purchased in July 2014.
The Glasshouse, Glassford St, Glasgow
The Glasshouse is centrally located in Glasgow City Centre and comprises a mixed use development with basement, ground and eight upper floors; it extends to approximately 58,000 sq ft with a 527 space car park. Opportunities to add property value through lease re-gears and letting of vacant accommodation are readily available.
The current tenants include, NCP and Grosvenor Casino.
The investment was purchased January 2018.
Pentland Gait Business Park, Edinburgh
Pentland Gait Business Park comprises three high quality office buildings totalling 63,000 sq ft, with 275 car spaces situated within an attractive landscaped environment. The Park is situated on the Western periphery of Edinburgh and benefits from terrific road and rail transport links. The Edinburgh office market is currently outperforming most of the UK regional centres.
The current tenants are Sykes Global Services and BAM Construction
The park was purchased July 2017.
Berkeley House, Bath Street, Glasgow
Berkeley House is well located within Glasgow City Centre and extends to 25,000 sq ft over ground, with four upper floors, and a secure car park situated at the rear of the building. The property provides competitively priced office accomodations with excellent access to the motorway network.
Current tenants include Capability Scotland, Thompsons Solicitors and CC Technologies.
The investment was purchased April 2017.
City Wharf is a mixed use, long income investment located in a prime situation within Aberdeen City Centre. The asset comprises a high quality, Grade A office development extending to approx. 30,000 sq ft, 3 high street retail units, a 15,000 sq ft casino and a 386 space multi storey car park.
Current tenants include Maersk Drilling, Grosvenor Casinos and NCP.
The investment was purchased in May 2018.