- Report from EY quantifies the centre’s annual economic contribution and reinforces its role as a regional economic engine
- Silverburn supports a total of 8,713 jobs across Scotland
- Every £1 spent at the centre generates a further £5.70 of economic activity in the region
Henderson Park, the international real estate investment manager, and Eurofund Group, the investment, development and real estate management group launched a socio-economic impact report in conjunction with leading consultancy, EY, highlighting the value contributed by individual assets across its entire pan-European portfolio.
According to EY’s analysis, Henderson Park and Eurofund’s flagship UK retail asset, Silverburn in Glasgow generated £414 million of economic activity in 2025, reinforcing its status as a key driver of growth in West Central Scotland. For every £1 spent directly in the centre, a further £5.70 is generated across the wider region.
Further positive impact can be seen in the employment market, where Silverburn is responsible for sustaining 8,713 jobs across Scotland. For every person directly employed by Silverburn, a further five jobs are generated through indirect and induced effects across the economy.
The report “Shaping the socioeconomic impact of the present and future retail”, analyses Silverburn’s contribution to the Scottish economy and highlights the positive impact delivered both directly at the centre, and indirectly throughout a wider supply chain.
The data from the report reinforces Silverburn’s role as a local economic engine, a generator of wealth and employment, a contributor to municipal taxes and a catalyst for urban improvement and community wellbeing.
A spokesperson for Henderson Park commented: “The findings of this report are testament to the value-add strategy we have pursued at Silverburn since acquisition. By investing in the asset we have been able to unlock significant economic benefits for the wider Glasgow region, supporting thousands of jobs and generating hundreds of millions of pounds of activity across Scotland. These results demonstrate that a disciplined, hands-on approach to asset management creates lasting value for the communities and economies in which we operate.”
Alberto Esguevillas, CEO of UK Retail at Eurofund Group, said: “Alongside Henderson Park, as custodians of large-scale shopping destinations, we shoulder a huge responsibility to ensure they have a positive impact on the communities they serve. Retail has the power to drive local and regional economic growth, and the data from the report quantifies the positive impact our activities can have on thousands of families and businesses.”
Elena Fernández, Sustainability Partner at EY, added: “The impact of a retail asset goes far beyond the day-to-day on-site activity. Our service allows us to rigorously measure the broader effect and provide companies with a robust tool to communicate their economic and social contribution.”
ESG in action
In addition to the positive economic contribution made by Silverburn, under the stewardship of Henderson Park and Eurofund, it has also made a significant contribution to reducing its environmental impact.
Since being acquired by the joint venture, the centre has managed a 44% reduction in its energy consumption, while it has contributed zero waste to landfill since 2019. An ongoing programme of improvements, including the installation of solar panels and wastewater management systems, will play a role in continuing to mitigate the environmental impact of Silverburn’s commercial activities.
ABOUT HENDERSON PARK
Henderson Park is a leading international real estate investment firm. Since its formation in 2016, the firm has invested over $15 billion in building a portfolio of flagship real estate assets, with a presence in major cities and capitals in the UK, France, Germany, Greece, Ireland, Italy, Poland, Portugal, Spain and the US. Henderson Park seeks high quality assets in prime locations where it can identify the potential for unlocking or creating value through asset management and sustainability improvements, or by taking on and working in complex situations. The company’s current portfolio is diversified across various sectors such as multifamily, hospitality, student housing, logistics, office and retail. Henderson Park strives to work and build long-term strategic relationships with the best local partners.
Henderson Park Media Contact:
FTI Consulting, for Henderson Park
ABOUT EUROFUND GROUP
Eurofund Group is an investment, development and real estate management group with over 30 years of experience in the market. It operates in Spain, Portugal, the United Kingdom, Germany and Italy, and is structured across several business lines: Eurofund Retail and Living, which includes coliving spaces such as Tribu in London, and senior living projects under the Luana brand.
Among the company’s most prominent projects are Puerto Venecia in Zaragoza — awarded Best Shopping Centre in the World at MAPIC 2013 —, the acquisition of UBBO (formerly Dolce Vita Tejo) in Lisbon, transformed into Portugal’s first “shopping resort”, and the acquisition of Silverburn, Glasgow’s leading shopping centre. In March 2024, Eurofund Group acquired Islazul alongside Henderson Park — Madrid’s largest shopping centre and a sustainability benchmark, which in 2025 achieved the highest rating under the BREEAM® certification framework.
In 2022, the company made its first entry into Italy with the acquisition of Parma Retail, in partnership with Signal Capital, to transform it into Parma Promenade. In July 2023, Eurofund Group further expanded its European presence with the acquisition of Rhein-Ruhr Zentrum in Mülheim, Germany, through a joint venture with Signal Capital.
Contact:
Simon Stretch, Innesco [email protected] | +44 (0)7860 644321
