Sovereign Centros has submitted a planning application to develop three new flagship retail units at the prime junction between Argyle Street and Buchanan Street in Glasgow city centre. The new stores will range from 5,000 to 21,000 sq ft and will be connected to the internal mall of the St Enoch shopping centre.
The plans to provide flagship units forms part of Sovereign Centros’ business plan for St Enoch, and follows on from the recent signing of Vue cinema to anchor the new East End leisure development, as well as the recent investment to refurbish the centre’s food court. Subject to approval, the units are forecast to be open in Autumn 2019
Asset management director Paul Bailey said: “The recent application to enhance holdings on Argyle Street forms a significant part of our ongoing business plan to provide best in class accommodation for our retailers and an enhanced customer experience. Negotiations with retailers for flagship stores are already progressing well.”
CBRE advised on planning.