Location
Paisley
Size
230,000 sqft
Background
•Acquired for Ashby Capital for £67,000,000, in 2019.
•The shopping park is Scotland’s leading bulky goods retail location situated next to J27 of the M8 motorway, 5 miles west of Glasgow city centre.
•The property is a modern, purpose-built retail park comprising 13 retail warehouse units and 1 restaurant unit.
•The park was acquired fully let with WAULT to break of 6.60 years, including tenants such as B&Q, Pets at Home, Dreams, Wren, Natuzzi, DFS, Sofology, Oak Furnitureland, Tapi, Dunelm and Frankie & Benny’s.
•The asset management strategy focused on growing the existing income and improving the WAULT, while also introducing an improved catering offer and upgrading customer experience and services.
•A number of lease extensions were agreed in 2024 e.g. Dreams, Wren, ScS, Dunelm, Tapi.
•Former Frankie & Benny’s unit converted into Costa Coffee drive-thru.
•Further improvements included electric vehicle charging, signage refurbishment, ANPR, customer Wi-Fi installation and CCTV upgrade.
•Sold in 2025 to Realty Income REIT.
| Sq ft | Status | Deal Type |
| 265,000 | Sold | Acquisition & AM |