Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Thursday, November 16, 2023

BTWShiells clients acquire The Forge Shopping Centre, Glasgow for 138m

Private clients of BTWShiells have successfully completed on the purchase of the Forge Shopping Centre in Glasgow for just under 138m representing an initial yield of 4.85% and an equivalent yield of 6%.

The Forge is situated just outside Scotland's largest city providing a fully enclosed retail environment with approximately 450,000 sq ft of retail accommodation. The centre is anchored by one of Asda's largest stores in Scotland together with a Dunnes Stores and a 7 screen Cineworld Cinema.

Primark have recently opened a 20,285 sq ft store and other multiple retailers within the centre include H&M; Hennes, River Island, Bon Marche, New Look and WH Smiths.

The scheme was sold by The Grosvenor Shopping Centre Fund who were represented by CBRE in London.