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New Scottish shopping centre owner puts 50 stores on market

New Scottish shopping centre owner puts 50 stores on market

Glasgow Timesa day ago
Property development and asset management group Evergold has instructed Shepherd Chartered Surveyors to bring to market the retail units for lease.
It comes after the Yorkshire-based developer acquired the Regent Shopping Centre in Hamilton, South Lanarkshire.
The agent said: 'Occupying a dominant position in Hamilton town centre, the centre's positioning and scale means that it makes up a significant proportion of the town centre core.
'The six-acre gateway site has been identified as key to South Lanarkshire Council's masterplan vision for the regeneration of Hamilton town centre to create a vibrant, accessible, and resilient town centre with a focus on living, leisure, healthcare and workspace as well as incorporating a significantly reduced retail element.'
Tahir Ali, of Evergold, said: 'Our plans for the Centre are aligned closely with the council's aim to have a diverse and sustainable mixed use town centre that not only serves its immediate catchment but also becomes a vibrant hub for the wider region.'
Calvin Molinari, of Shepherd Chartered Surveyors, said: 'This instruction follows our recent merger with Whyte & Barrie Chartered Surveyors to form a practice unrivalled in its delivery network of surveying services throughout Lanarkshire.
'Our extensive expertise and experience within the Lanarkshire market make us best placed to deliver effective asset management and property management roles alongside actively marketing the available retail units at this gateway site to a range of prospective tenants.'
He also said: "Asset management schemes are in place with existing tenants, and the landlord is committed to improving the centres facilities, for tenants and shoppers alike, making this an attractive opportunity for new or existing occupiers within the Hamilton area to relocate to.
"The surrounding development of Hamilton town centre is an exciting opportunity for the area and we look forward to working closely with the landlord and the local authority to provide retail and leisure opportunities to facilitate the future needs of the town."
The 50 retail units, varying in size from 300 square feet to 50,000 square feet, are available on flexible lease terms.
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