Ediston Real Estate and Europa Capital announce acquisition of Auldhouse Retail Park, Glasgow from Aviva Investors

Edinburgh, Scotland, 2017-May-31 — /EPR Retail News/ — Ediston Real Estate and Europa Capital have acquired Auldhouse Retail Park, Glasgow from Aviva Investors. Located close to the city centre, the property provides 116,656 sq. feet of retail warehouse accommodation across seven units. This Open Class 1 retail park is fully let to national retailers, including Homebase, Aldi, Pets at Home and Home Bargains.

Alastair Dickie, of Ediston Real Estate, said “This is a superb off market transaction where we worked with the vendor to secure a successful conclusion for both parties.   This is a really well located retail park with excellent opportunities to improve and enhance through extensive refurbishment, redevelopment and intensive asset management”.

James Fortescue, Partner at Europa Capital commented, “We are delighted to have invested in another income producing retail investment with our local partner. The recent lettings to Aldi and Pets at Home demonstrate the strength of retail occupier demand in this part of the UK. We look forward to further improving the park through active asset management and targeted capital expenditure.”

About Ediston
Ediston Real Estate is a UK property company based in Edinburgh with assets under management in excess of £650 million.

The company focuses on both investment and development, and has a track record of buying sub-standard, well located properties and transforming them into prime institutional quality investments.

Ediston has been actively investing throughout the UK since 2009/2010, through the Ediston Opportunity Fund and with newly raised funds through the Ediston UK Real Estate Trust, launched in 2012.

About Europa Capital
Europa Capital is a real estate fund manager focused on European markets. We add value utilising a variety of strategies implemented through active asset management, change of use or refurbishment and development in all property classes across Europe.

Since 1995, Europa Capital has collectively raised nine real estate funds and committed to over 105 transactions totalling more than €9.5 billion across 19 European countries.

Europa Capital is a member of Rockefeller Group International (RGI), a subsidiary of Mitsubishi Estate Co., Ltd. RGI is a strategic investor alongside management in Europa Capital’s investment management business.

Further information:
Call: 0131 225 5599

Source: Ediston Real Estate

LCP to open new office in Glasgow; its first office in Scotland

London, 2017-Apr-26 — /EPR Retail News/ — Commercial property investment company LCP is to open its first office in Scotland after expanding its portfolio north of the border, it has announced.

The company, which is one of the UK’s largest private owners of retail, industrial and office property, is setting up a new office at 6 Harmony Row, Glasgow, from where it will manage its Scottish retail and industrial estates.

Julian Diamond, LCP asset manager, said it was a natural step to open an office in Scotland as the company had significantly increased its presence there over the past two years.

Prior to this, LCP’s London team had managed its Scottish portfolio.

“This is an exciting venture for LCP,” he said. “As our Scottish portfolio has increased significantly over the past few years to 25 holdings, with a further four investments currently under offer, we’ve decided to grow our team and it makes perfect sense to open an office from where we can continue our hands-on approach and pro-actively manage the portfolio.

“Our teams across the UK are actively looking for new sites where we can add value with excellent potential to improve yields, enabling us to achieve our investment goals. We continue to seek further commercial property investment opportunities across Scotland and look forward to growing the team accordingly.”

LCP group committed £98 million to investing in its commercial property portfolio 2016 and is aiming to invest a further £200 million this year in both retail and industrial properties.

Last year, the company invested in 41 sites across the UK, totalling 875,000 sq ft, the largest of which was the £23.34 million Blossom portfolio, comprising 216,000 sq ft spread across 14 sites.

Sites within the Scottish portfolio include Knightwood and Govan Cross Shopping Centres in Glasgow, Airdrie Retail Park in Airdie, and Forbes Court on the Middlefield Industrial Estate in Falkirk.

Contact:

Tel: 01384 400123
Fax: 01384 400862

Source: LCP

London & Cambridge Properties to manage Govan Cross Shopping Centre in Glasgow

London, 2016-Aug-16 — /EPR Retail News/ — London & Cambridge Properties (LCP) has added a popular neighbourhood shopping centre in Glasgow to its retail portfolio after it was appointed to manage the development.

LCP has taken on 21 fully occupied retail units at the 65,295 sq.ft Govan Cross Shopping Centre, which was purchased for in excess of £5 million by a company LCP works closely with.

James Buchanan, investment director at LCP, said: “We are committed to growing our property portfolio and the Govan Cross acquisition provides us with yet another excellent opportunity for our proactive asset management team to use their expertise to add further value.”

LCP, a leading West Midlands-based property investment and development company, is continually seeking high yielding investment property acquisitions in the UK. The market is constantly monitored and acquisitions are undertaken where there are real opportunities to enhance returns using LCP’s intensive management approach.

LCP’s largest retail acquisition of the year was the Blossom portfolio at £23.34 million, which comprises 14 retail sites totaling approximately 216,000 sq ft.

Govan Cross Shopping Centre is a popular neighborhood shopping centre located 3 miles West of Glasgow City Centre. It is located at the heart of Govan and is adjacent to Govan Bus Station.  Tenants include Home Bargains, Greggs, Peacocks, Iceland and Subway.

If you have any media enquiries please email kyates@lcpproperties.co.uk

Source:  London & Cambridge Properties (LCP)

SSP expands its presence in the hospital market with the opening of Camden food co. outlet at Queen Elizabeth University Hospital, Glasgow

LONDON, 2016-1-4 — /EPR Retail News/ — SSP, a leading operator of food and beverage brands in travel locations worldwide, has expanded its presence in the hospital market with the opening of a Camden food co. outlet at the newly constructed Queen Elizabeth University Hospital, Glasgow.

The outlet will serve a range of sandwiches, hot snacks and salads alongside a selection of hot and cold drinks. It is located in a central area of the hospital, adjacent to a number of complementary retail outlets including a well-known grocery brand and a newsagent.

Commenting on the opening, Simon Smith, CEO of SSP UK & Ireland said; “Camden has always been a brand that appeals to consumers who want to eat a balanced diet without compromising on taste. We have revised and reshaped the offer even further to meet the needs of hospital workers, visitors and patients, bringing high street quality offers into the campus. As experts in retail, we understand how to deliver high-street brands that are really attractive to customers as well as delivering incremental  income for the hospital.”

Dr Emilia Crighton, NHS Greater Glasgow and Clyde Director of Public Health, said: “Our new hospitals are well served by a range of both NHS run and retail partner food and beverage outlets. It is important that we work closely with our retail partners to provide an exemplary range of healthy options in NHS food and drink outlets. We welcome the work of our retail partners in working towards national Healthcare Retail Standard and the Healthy Living Awards.”

The local NHS has recently introduced a policy that insists on the availability and promotion of a wide range of healthy food and drink choices in the all the health board’s food retail outlets. SSP has worked closely with the Health Board to further improve the offer of healthy choices and reduce sugar, salt and fat content of products served, and is one of the first retailers in the NHS to take the step of removing all sugared drinks from sale.

The new 1109 bed adult hospital and 256 bed children’s hospital represent the largest single NHS hospital building project in Scotland and one of the largest in the UK. The new facility includes a maternity unit and state of the art laboratory services. With approximately 10,000 staff, serving 150,000 in-patient and 575,000 out-patients and visitors annually.

If you have a press enquiry, please call Clare Williams at Templemere Public Relations on +44 (0) 1483 243 546 or press.office@ssp-intl.com

SOURCE: SSP Group plc