Ediston sells East Kilbride town centre site to Lidl

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The store opened in August 2019 and Gordon Rafferty, Lidl GB’s regional head of property said “we would like to thank all those who have played a huge part in bringing this new Lidl store to East Kilbride. It is great for us to be able to create more jobs and investment opportunities in the area and we can’t wait to start serving our multi-award winning products to the local community”.
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Superdrug opens at Port Glasgow

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Coates & Co and Savills acted for Clydebuilt LP and Culverwell represented the tenant. Alastair Dickie commented “This is another key national tenant to add to the impressive tenant line up in a park and location which has seen significant regeneration and improvement created by the Clydebuilt LP Fund”.
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Knotty Ash Sale

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Ediston on behalf of the Ediston Property Investment Company (EPIC) has completed the sale of Knotty Ash, Liverpool, a leisure unit let to Mecca Bingo Limited until September 2022. The sale price was £2,915,000 which is in line with the 30 June 2019 valuation. Due to confidentiality Ediston is unable to disclose who the purchaser is. Finlay Miller, Investment Manager at Ediston Properties Limited, said “The lot size is well below the average lot size of EPIC. We believe the sale proceeds can be reinvested in a way which is value accretive for EPIC’s investors, either by carrying out asset management on existing properties or acquiring a new property in line with the preferred lot size and investment strategy of
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B&Q commits to Rhyl until September 2029

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Despite the negative sentiment which surrounds the retail sector, Ediston continues to do deals in the retail warehouse sector. In June, acting on behalf of our listed REIT, the Ediston Property Investment Company (EPIC), we completed a lease extension with B&Q plc at Clwyd Retail Park in Rhyl. B&Q is the anchor tenant on the park and occupies a unit of 41,520 sq. ft. The DIY retailer has underscored its commitment to the location by signing a lease extension which will expire in June 2029. B&Q will continue to pay £508,644 per annum and will receive a 13-month rent free period to facilitate the deal. This success follows transactions completed earlier in the year for EPIC at its retail warehouse
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Works progressing at Crown Street

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Construction works at Ediston and Clydebuilt’s Crown Street Retail Park continue to move at pace. The contractor, Heron Brothers is wasting no time in progressing the envelope of the units and the concrete floor pours have been going well, with summer temperatures helping the drying / curing process. The target is now to get the buildings wind and watertight by the end of July allowing internal works to follow-on. Planned completion is still on target for Q1 2020.
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Magic touch

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In an attempt to keep the old joints moving, Ross McNulty has been playing in the Vialex touch rugby tournament over the summer, held on Wednesdays at Inverleith Park. The weather has been kind and most games played in glorious sunshine. Amazingly (and for the second year in a row) Ross’s team won their league. This year being even more impressive as the team was undefeated. Their key to success is most definitely due to a blend of youth (the youngest player being 12 years old, as seen holding the trophy) and guile (as Ross says the only thing he is good at these days is working the offside line). As you can see from the photo, it’s a very
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Royal seal of approval for Alastair and James

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Following on our previous post on Alastair and James’s charity cycle in August, they were recently invited to meet Princess Anne on Thursday the 4th of July at Holyrood Palace. Princess Anne is the Royal patron to the Leuchie Charity and she wished them both to have the “wind behind their backs” for the trip! They’ll certainly need all the help they can get! Help them have more visibility by sharing this post on your page and you can still donate on the Just Giving page found here: https://www.justgiving.com/campaign/MizMal19 Good luck Al!
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Lycra for Leuchie

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Our very own Alastair Dickie and James Waterson of Simply Finance have a goal this year, to cycle from the south tip to the north tip of Ireland in 6 days, starting off on the 25th August 2019 covering just over 500 miles. The route winds its way north along the Atlantic Coast from Mizen Head to Malin Head, a beautiful journey for a great cause. Alastair and James are cycling for 2 wonderful charities, one being Leuchie House in North Berwick which provides short breaks and holiday respite care for MS sufferers https://www.leuchiehouse.org.uk and the second is The Patrick Wild Centre https://patrickwildcentre.com/ who provide research to test  new therapies for autism spectrum disorder (ASD), intellectual disabilities (ID) and Fragile
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A Piece of Glasgow’s Industrial Heritage set to be Unearthed at Crown Street

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One of the first aspects of work that will be completed at our residential development on Crown Street and Cathcart Road will be to complete a programme of Archaeological works on site. The site was once home to the Govan Ironworks, constructed between 1830 and 1840 by the Dixon family, complete with the world’s first ever purpose built blast furnace. In fact there are thought to be the remnants of 6 blast furnaces still situated on the site below the current ground levels – vast structures each with walls more than half a meter thick. A scheme of investigation and recording of these structures has been agreed with West of Scotland Archaeology Services, to be implemented during the early stages
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