Silverburn, Glasgow UK
Creating the Shopping Resort for Scotland.
Eurofund Group has, in a strategic partners with Henderson Park, completed the purchase of Silverburn shopping centre in Glasgow.
Located in Pollok, a wealthy suburb of the UK’s fifth largest city, Silverburn is Glasgow’s newest and highest quality shopping centre with an affluent catchment area of 1.9m people.
The centre, which first opened in 2007, also benefits from strong transport links, with a major bus terminal located on site, and has historically generated consistently high footfall of 15 million.
Currently 78 per cent occupied, it consists of 125 grocery, retail and leisure units with brands such as Next, Marks & Spencer and TK Maxx.
The Top 20 UK shopping centre sits on a 67-acre freehold site, which also includes 4,500 car parking spaces and the largest Tesco in Scotland, under a long leasehold interest.
It benefits from a strong catchment area and presents significant opportunity for value uplift through letting activity.