Hermiston Gait Retail Park comprises a highly prominent, dominant retail park, located at the junction of the M8 and City Bypass to the west of the City Centre. It extends to 306,000 sq. ft. comprises 13 units. Tenants include B & Q, Tesco, Decathlon, Tk Maxx, Wren Kitchens, Halfords, KFC, Krispy Kreme and Costa.
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.
SOME OF OUR PARTNERS
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