Wednesday, June 14, 2023
Prudential sells Glasgow retail investment with development potential for �31m
The prominent 62,225 sq ft retail block is arranged over basement, ground and six upper floors and comprises 3 prime retail units let to Bally, Early Learning Centre and Dorothy Perkins fronting Buchanan Street, with speciality Jewellers in Argyll Arcade.
Gavin Hendry Divisional Partner of Strutt & Parker's retail investment team, said: "The price achieved reflects a rare opportunity to acquire a substantial block of well let property in a 100% prime retail pitch with significant and real development potential to create added value."
Inglis Howie acted for HBG properties.
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