All Posts By

Ediston

Ediston acquires Springkerse Retail Park, Stirling

By | News
Ediston has acquired Springkerse Retail Park on behalf of Ediston Property Investment Company for £21.85 million in an ‘off market’ transaction. The purchase price reflects an initial yield of 9.54%. Springkerse Retail Park is located in Stirling, 26 miles from Glasgow and 35 miles from Edinburgh. The Stirling Council area has a population of just under 100,000 people, which is forecast to grow at an above average rate and draws on a primary retail catchment of 228,000. The asset is the dominant retail park in Stirling and extends to 162,593 sq. ft. across 12 units. It is let to 10 tenants and produces a passing rent of £2.23 million per annum. The Park is anchored by B&Q, with other tenants
Read More

BauMont and Ediston complete one of 2021’s biggest retail park sales

By | News
BauMont Real Estate Capital and partner Ediston Real Estate have completed one of the largest retail park transactions in the UK this year, disposing of their interest in Edinburgh’s Hermiston Gait, React News can reveal. US investor Realty Income Corporation is understood to have concluded a deal to take control of the prime Scottish park, according to several market sources, although BauMont and Ediston declined to comment on the identity of the buyer. Swift exit for BauMont and Ediston Pricing details for the sale have not been disclosed, although with the retail park market relatively buoyant sources indicated it would likely be in excess of £80m. It is understood to be one of the largest retail parks to trade in
Read More

Shawlands Arcade Regeneration Proposals Unveiled

By | News
Plans have been announced for the regeneration of The Shawlands Arcade on Kilmarnock Rd, which is a well-known landmark at the heart of Glasgow’s Southside. Originally built in the 1960s, the Arcade is in need of renovation and its proposed regeneration will create a new, vibrant shopping and leisure experience in the heart of Shawlands and an improved streetscape on Kilmarnock Road. The redevelopment also offers the opportunity to provide new homes in this increasingly popular area. The proposals are being brought forward by the Arcade’s owners, Clydebuilt LP, which is a property investment and development fund co-owned by Strathclyde Pension Fund and Ediston and has a strong track record in delivering successful regeneration projects. Commenting on the plans, Neal
Read More
New Town Quarter

New Town Quarter, Edinburgh

By | Projects
Proposals include 117 new homes, 144 Build to Rent units, affordable housing, 85,000sq ft office and a hotel. The proposals were subject to major public engagement with the local community and stakeholders. A Detailed Planning Application for the development proposals was submitted on 31st August 2020. Demolition of the existing buildings is anticipated Q2 2021, with construction commencement forecast for Q3 2021, with a 3-year build-out period. Latest published research shows the New Town Quarter development is poised to bring significant economic benefit, and once completed is forecast to create more than 700 full-time jobs whilst generating an annual GVA economic uplift of £34.4 million to the local and wider Edinburgh economy.
Read More
New houses at Ediston Homes

Phase 3 Construction Underway at Devongrange

By | News
Work is underway to construct Phase 3 of the Devongrange development in Alloa. The construction team re-commenced groundworks in June following easing of lockdown restrictions on construction sites in Scotland and it is expected that our first new homes will be available for customers in January 2021. As part of this phase we will also be delivering a further 24 houses for Kingdom Housing Association. The development is proving to be hugely successful with only 3 properties remaining available for reservation on the first release for Phase 3. Our sales office is open 7 days a week between 10.30 am and 5 pm or phone 0800 458 1523 to book an appointment.
Read More

Our Devongrange Sales Office is now Open

By | News
Following the recent update from the Government, we are pleased to announce that our Devongrange sales office and show home have now reopened. You will notice some changes to how we can interact with our customers to ensure the health and safety of our team and clients. Visits to our sales centres will be by appointment only during this time, however, our Sales Advisors will remain available by phone and email to answer any of your questions. Our sales office is open 7 days a week between 10.30 am and 5 pm or phone 0800 458 1523 to book an appointment. Don’t miss out on the new sales releases featuring brand new house types.
Read More

Next extend their lease at Widnes Shopping Park

By | News
Despite the current uncertainty in our markets arising from the coronavirus, Ediston continue to try to stay close to our tenants, engage in dialogue and do deals to keep things moving. On behalf of Ediston Property Investment Company, we are delighted to have just completed a 5 year lease extension with Next on their 10,000 sq ft store at Widnes Shopping Park. This is consistent with our key focus to protect, generate and secure income across all our funds.
Read More

CEO speaks with React news on property market amidst Covid-19 lockdown and what might be in store

By | News
Ediston may be known across the UK as a giant of the retail park sector but through ongoing partnerships with investment partners such as Orion Capital, it has also positioned itself as one of the leading mixed-use developers in the country. Ediston recently unveiled its latest plans – including offices, hotel and residential elements – for one of Edinburgh’s key development sites. The New Town North site, which was acquired with Orion Capital Managers, forms part of Ediston’s £515m development pipeline. The manager also has around £800m of assets under management. In February, Ediston and BauMont Real Estate Capital acquired Hermiston Gait retail park near Edinburgh for £65m. It is the largest retail park deal in the UK this year.
Read More

Hermiston Gait Retail Park, Edinburgh

By | Projects
The asset benefits from an open class 1 retail consent and there are a number of vacancies which provide for asset management opportunities as well as lease re-gears and asset management initiatives to undertake. PURCHASE The purchase in February 2020 was our first acquisition with our new Joint Venture partner BauMont Real Estate Capital from Aberdeen Standard Investments for a price in the region of £65 million.
Read More