Projects

Projects
10th January 2019

Prestatyn Shopping Park, Prestatyn

There is reversionary potential across the park and also development opportunities to accommodate tenant demand. PURCHASE Prestatyn Shopping Park was acquired by EPIC REIT from Stadium Group as part of a 4-property portfolio in December 2017, for a portfolio price reflecting approximately £144 million.
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Projects
10th January 2019

Kingston Retail Park, Hull

The park was purchased with vacancy and existing tenant demand and development opportunities to meet this demand further increasing value at the property. PURCHASE Kingston Retail Park was acquired by EPIC REIT from Stadium Group as part of a 4-property portfolio in December 2017, for a portfolio price reflecting approximately £144 million.
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DevelopmentProjects
5th December 2018

Gallagher Shopping Park, Port Glasgow, Strathclyde

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. PURCHASE Ediston acquired the asset in August 2015 for £15m. ACHIEVEMENTS 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…
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DevelopmentProjects
4th December 2018

Crown Street Retail Park, Glasgow

PURCHASE Purchased in April 2017 by Ediston with Clydebuilt LLP on an unconditional basis. ACHIEVEMENTS Planning has been submitted for a residential development incorporating 350 units and also a new retail park accommodating Class 1 and Class 3 uses and extending to 120,500 sq ft. Pre-lets agreed with Aldi, Iceland, B&M, Costa and Burger King. Development expected to commence on site in May 2018.
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DevelopmentProjects
1st December 2018

Plymouth Gateway Retail Park, Marshmills, Plymouth

The property was acquired off market with the benefit of an existing planning consent for retail and leisure development. PURCHASE The site was purchased for £6.1m in February 2016. ACHIEVEMENTS Agreements for Lease have exchanged on all units to Wren, Sofology, Tapi, Mothercare, KFC and Costa. Planning has been amended to intensify the coverage onsite. The development will commence in October 2017.
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Asset ManagementInvestmentProjects
30th November 2018

Heathfield Retail Park, Ayr

It was bought for its large land coverage and development, and asset management potential. Since acquisition, the retail park has been comprehensively refurbished to include new frontages, carpark resurfacing and common parts. We have created over 45,000 sq. ft. of new retail and leisure accommodation which has been prelet to M&S, Tapi, Maplin, Costa and Greggs as well as new lettings through asset management initiatives to DFS, Oak Furniture Land and Poundworld. PURCHASE Acquired in 2011 for £31.8m, projected end value £54m. ACHIEVEMENTS Acquired investment at a competitive price in 2011. Secured Food Retail consent for 35,000 sq. ft. on surplus land. Redeveloped and redesigned the main car park to incorporate additional Retail Units which were let to Maplin, Costa
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Asset ManagementProjects
26th November 2018

Auldhouse Retail Park, Glasgow

PURCHASE Purchased in May 2017 by Ediston with Europa Capital for £20.35m, reflecting a net initial yield of 7.00%. ACHIEVEMENTS New letting agreed with Costa Coffee for a new-build unit of 1,800 sq ft. Immediate improvement of car parking and landscape management to improve visibility and car park circulation. Proposed new-build unit of 11,000 sq ft under offer to Iceland, trading as The Food Warehouse. The retail park is currently fully occupied. Ongoing discussions with a number of occupiers in respect of re-gearing leases, increasing rents and securing longer term income streams. Planning strategy to deliver consent for the proposed new units and to consolidate existing planning consents across the Park as a whole.
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Asset ManagementProjects
25th November 2018

Pasteur Retail Park, Great Yarmouth

The property is a modern purpose built retail park totalling 121,938 sq ft fully let to national retailers including; B&Q, Tapi Carpets, Home Bargains, Pets at Home and Argos.  The property benefits from a long weighted average unexpired lease term and low passing rents providing a secure investment and also allowing excellent trading condition for tenants. PURCHASE Purchased in March 2014 by Ediston Real Estate on behalf of the EOP II JV S.A.R.L. joint venture vehicle. ACHIEVEMENTS Secured a letting to Tapi Carpets within 1 month of purchase on the single vacant unit providing a now fully let park; Secured planning consent for a downsize of the B&Q unit to provide up to 3 units in the sourthern section of…
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Asset ManagementProjects
24th November 2018

B&Q, Tennent Street, Coatbridge

PURCHASE Purchased in June 2015 by Ediston on behalf of the Ediston Property Investment Company for £16.80 million, reflecting a net initial yield of 7.50%. ACHIEVEMENTS Secured terms for pod units to be built in the car park subject to planning and B&Q’s approval.
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