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.
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.
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