5th December 2018

Gallagher Shopping Park, Port Glasgow, Strathclyde

Ediston Real Estate, on behalf of Strathclyde Pension Fund’s Clydebuilt Fund, acquired Gallagher Shopping Park in Port Glasgow in August 2014.

The investment comprises an existing B&Q Warehouse and Costa Drive-Thru and 16 acres of development land with consent for up to 200,000 sq. ft. of open class 1 retail accommodation. It is situated adjacent to a 130,000 sq. ft. Tesco Extra.


Ediston acquired the asset in August 2015 for £15m.


  • This is one of the largest speculative retail warehouse developments undertaken in Scotland in the last 8 years.
  • The site now has town centre allocation.
  • This is a major regeneration project and a testament to the ethos of the Clydebuilt LP fund to create regeneration, jobs and opportunity through the development of stalled or failing projects.
  • All construction works completed on programme and on budget.
  • Further leases completed with Marks & Spencer, NEXT, Boots and Poundworld
  • Marks & Spencer have now opened their new 40,000 sq ft store
  • NEXT, Boots and Poundworld to open doors to the public in Q4 2017.