4th December 2018

Crown Street Retail Park, Glasgow

Purchase of a brownfield development site extending to approximately 24 acres for residential and retail warehouse development. The site has excellent frontage to Cathcart Road, one of Glasgow's main arterial routes to the south of the city centre and is also located immediately adjacent to the M74 (Junction 1a).

PURCHASE

Purchased in April 2017 by Ediston with Clydebuilt LP on an unconditional basis.

ACHIEVEMENTS

  • Planning permission was achieved on 16th March 2018 for a convenience led shopping park extending to 120,500 sq ft and for 388 apartments on adjoining land in August 2019.
  • Construction work commenced on the shopping park in December 2018.
  • Practical completion was achieved on 30th January 2020 – All construction works completed on budget of £16million and ahead of programme.
  • Pre-letting deals were agreed with Aldi, Food Warehouse, B&M, Costa, Burger King, JD Gyms, Greggs, Card Factory & Indigo Sun.
  • Aldi, B&M, Food Warehouse, Greggs, Burger King and Costa opened for trading in June 2020.
  • Achieved significant regeneration through the creation of construction and retail jobs on a brown field site, with the residential development to follow.
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