Ediston targeting a Q3 start for its Crown Street retail park, Glasgow
Clydebuilt Funds, a JV between Ediston and Strathclyde Pension Fund, has achieved detailed planning consent for its retail warehouse development at Crown Street in Glasgow.
The 11-acre site, which is bounded on one side by the M74 and sits in an area of Glasgow which has seen significant housing development over the past five years, will provide 125,000 sq ft of retail warehouse accommodation of which 65,000 sq ft is pre-let. The large scale inner city regeneration project also includes the development of around 360 homes.
Pre-let agreements have concluded with Aldi (18,000 sq ft), B & M (23,000 sq ft and 7,000 sq ft garden centre). Iceland Food Warehouse has also signed up for 15,000 sq ft as has Costa and Burger King for drive through restaurants (1,800 and 3,000 sq ft respectively).
Building works are expected to commence in Q3 of this year with the Park set for tenant handover in summer 2019.