Coatbridge Costa & Burger King reach Practical Completion

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On behalf of Ediston Property Investment Company PLC, Ediston is delighted to announce that practical completion has just been achieved on its Costa and Burger King development on the existing B&Q car park at Tennent Street, Coatbridge.  Many thanks to Luddon Construction and the rest of the team: CSQ, CBA, Smith Design, Quattro, KJ Tait, Currie & Brown and Zander Planning for delivering a first class job through testing times where collaboration was key when the job paused during lockdown.
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Ediston win BCO (Scotland) Award

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Ediston are delighted to have won the British Council for Offices (Scotland) Award for Best project up to 1,500 sq m for the fit out of our office at 1 St Andrew Square, Edinburgh. The final product defines Ediston’s culture and was the result of a collaborative design journey between Rodi McLean and Paula Conway of Form Design and the Ediston client team of Neal, Hayley, Neelum, Danny and Andy. Congratulations to the full team including Form Design Consultants, MPACT Group, CBA, KJ Tait and Source Furniture. We can’t wait to get back together in the office as soon as we are able and to have a proper celebration with all those involved!!  
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New houses at Ediston Homes

Phase 3 Construction Underway at Devongrange

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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.
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Our Devongrange Sales Office is now Open

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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.
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Next extend their lease at Widnes Shopping Park

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

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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.
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BauMont Real Estate Capital acquires a dominant retail park in Edinburgh with partner Ediston Real Estate

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The dominant retail park is located to the west of the city centre and occupies a highly prominent position at Junction 1 of the M8 and Edinburgh’s City By-Pass/A1. The property totals 306,000 sq. ft. of retail warehouse accommodation across 13 units and benefits from predominantly Open Class 1 consent. The park is anchored by Tesco and B&Q with other national retailers including TK Maxx, Decathlon, Wren Kitchens and Costa. Natalie Harrison, U.K. Investment Director at BauMont, said: “The park benefits from many appealing attributes including the relative defensiveness of the majority of tenants to internet shopping, significant residential development in the area planned over the next ten years and opportunities to improve the tenant line up with the letting
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Back of the net for Ediston!!

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The Ediston team and their guests were delighted to attend the Scottish Championship clash at East End Park, between Dunfermline Athletic and Dundee United, courtesy of Neal Jamieson’s successful bid for Patrick Burns’ excellent SPIFOX auction prize. A superb day out, topped by a 2 nil home win for the predominantly “Pars” guest list and a special mention to our very own Graham Lind who was presented with the signed match ball for somehow being awarded “fan of the match”!!
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