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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Run for Redearth

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Redearth’s vision is to provide every child with an equal chance to succeed, and every community to thrive. Nursery education in Uganda is neither free nor easily accessible and the money raised so far by the team is enough to sponsor one child through three years of nursery education. The team have exceeded their original target by so much, that only a few extra hundred of pounds will be enough to help support two children through three years of nursery education. If you wish to help their cause you can still donate by visiting: https://www.justgiving.com/fundraising/run-for-redearth Please visit Redearth’s website to find out more about the amazing work they do: http://redeartheducation.co.uk/
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New Point of interest at St Philips

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Ediston Property Investment Company completed the £1m refurbishment of the 14,208 sq ft First Floor of St Philip’s Point in central Birmingham, delivering a stylish combination of tall white ceilings and exposed services and a unique ceiling spine of metal baffles above the primary circulation route. The floor brings a new differential to the Birmingham office market and will be formally launched on 21st May 2019. The space was designed by CDA and KJ Tait, Edinburgh, project managed locally by Savills and the works completed by City Office Interiors. Click the link below to see how we are getting The Point across through the team at Core Marketing. https://www.core-marketing.co.uk/work/st-philips-point/   
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Nursery Visit to Devongrange

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Ediston recently gifted a variety of loose parts and materials for the garden of Strathdevon Nursery in Dollar. Children from the nursery were invited to visit our Devongrange development and were provided with a guided tour of site and the show homes – the tour proved to be a big hit with the kids and hopefully it will pave the way for budding surveyors, joiners and bricklayers in future years to come! The Marketing Suite at Devongrange is open seven days a week and can be visited between 10.30am and 5pm – drop by and see what we have to offer.    
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Two New Tenants at Kingston Retail Park, Hull

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Ediston has now completed the lettings of units 5a, 5b and 5c which extend to a total of 18,868 sq. ft. Iceland Foods Limited has signed a new 10 year lease, on units 5b and 5c which have a total area of 13,672 sq. ft. Iceland will trade the store as a ‘Food Warehouse’. Sue Ryder has signed a 10 year lease with a 5 year tenant break option on unit 5a, which extends to 5,196 sq. ft. Both tenants were granted a short rent-free period of only three months. The retail park was acquired in December 2017. Units 5a, 5b and 5c were vacant, but benefited from a rental guarantee from the previous owner, which was due to expire
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This is Money, Investing Show: Is commercial property an unloved UK investment that’s ripe for returns?

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Britain’s commercial property market can be as much of a soap opera as its residential one. In recent years it has swung from its post-financial crisis woes, to being firmly on the up, before buckling under the burden of Brexit and fears for the retail sector. The latest trouble for the sector comes in the world of shopping centres and high streets, where retailers are attempted to negotiate their way out of expensive rents – and in some cases going bust. Yet, despite the worries, property can remain a profitable place to invest and deliver solid income as part of a portfolio. Navigating their way through that, investment trusts such as Ediston Property Investment Company, can chunky dividends – 5.5
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First handovers at Devongrange

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Ediston Homes have completed and handed over the first new homes to customers at our Devongrange development in Sauchie. This marks an important milestone as the first homes to be completed from Ediston’s brand new range of contemporary house designs incorporating high quality specification, functional family layouts and stylish finishing touches. The Marketing Suite at Devongrange is open seven days a week and can be visited between 10.30am and 5pm – drop by and see what we have to offer.
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New Commercial Director in the residential team

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Mark Coughlan has recently joined the residential team in the role of Commercial Director. Mark brings valuable commercial experience to the Ediston residential team having previously worked with the likes of Miller Homes and Robertson Homes, and immediately prior to joining Ediston Mark was employed as Commercial Director with Avant Homes. This is a key appointment in the continued growth of the residential team, assisting Ediston to deliver our current project pipeline ranging from family housing to city centre apartment developments.
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New letting in Barnsley East Retail Park

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Ediston, on behalf of its listed REIT, the Ediston Property Investment Company plc, has signed a lease on unit B, Barnsley East Retail Park, with B&M Retail Limited (‘B&M’).  The new letting has increased B&M’s occupation on the park by 40%. B&M occupy the adjoining unit A which extends to c. 25,000 sq. ft. on a lease expiring in September 2027.  Unit B, which extends to c. 10,000 sq. ft., was previously occupied by Carpetright, who completed a Company Voluntary Arrangement (CVA) in 2018.  Under the terms of the CVA Ediston was able to secure vacant possession of the unit to facilitate the new letting. B&M has signed a lease on unit B and will trade from both units as
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Lease activity secures increases in passing rents for Pallion Retail Park

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GO Outdoors signed an Agreement for Lease (AFL) on unit 2, which comprises 11,345 sq. ft., in June 2018.  The AFL was conditional on Ediston carrying out various repairs to the property.  These repairs were required following Ediston securing early possession of the unit from B&M following its relocation to larger premises on the park. The works have now been undertaken and a new 10-year lease with a five-year break clause has been completed.  The rent passing of £187,192 per annum is 20% higher than the rent paid by the previous tenant. This letting follows the lease renewal to The Wallpaper Warehouse which completed in December 2018.  The Wallpaper Warehouse has remained in unit four, which extends to c. 6,000
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