26th November 2018

Auldhouse Retail Park, Glasgow

117,000 sq ft of retail warehouse accommodation situated in the affluent south-side of Glasgow. The Park benefits from part Open Class 1 consent and tenants include Homebase, Aldi, Home Bargains and Pets at Home.


Purchased in May 2017 by Ediston with Europa Capital for £20.35m, reflecting a net initial yield of 7.00%.


  • New letting agreed with Costa Coffee for a new-build unit of 1,800 sq ft.
  • Immediate improvement of car parking and landscape management to improve visibility and car park circulation.
  • Proposed new-build unit of 11,000 sq ft under offer to Iceland, trading as The Food Warehouse.
  • The retail park is currently fully occupied.
  • Ongoing discussions with a number of occupiers in respect of re-gearing leases, increasing rents and securing longer term income streams.
  • Planning strategy to deliver consent for the proposed new units and to consolidate existing planning consents across the Park as a whole.