Commercial Property News

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Wednesday, April 16, 2023

SGM gain three new shopping centre instructions

SGM Property Consultants have been appointed as leasing and development advisors on three new shopping centre instructions.

The centres are the Kyle Centre and Arran Mall in Ayr, (95,000 sq ft). St Giles Shopping Centre in Elgin (80,000 sq ft) and Rutherglen Shopping Centre, Glasgow (90,000 sq ft).

The Kyle Centre, Arran Mall and Rutherglen Shopping Centre are owned by Cairnduff Properties. St Giles, Elgin, has just been bought by Upland Developments Ltd.

SGM Director, Donald Syme, commented "It is great news that SGM have been appointed on three shopping centres which need active asset management and intense retail agency input to extract extra value. These are new clients for SGM and we look forward to working with them on these and other projects."

SGM are sole agents on Rutherglen and joint agents with Savills on Kyle Centre/Arran Mall. DTZ are joint agents on St Giles, Elgin.