Tenants include Homebase; Boots; Curry's; JJB Sports; Holiday Hypermarket and Turleys. In the two latest lettings Argos is believed to have taken 10,000 sf on a 15-year lease at £25 ($36) per sf and Mamas & Papas 4,000 sf on a 15-year lease at £27.50 ($40) per sf.

Jamie Dunster, director at FPDSavills who advised Henderson said: 'Craigleith is one of Scotland's premier retail parks. The principal attractions of the scheme are its planning consent, location adjacent to a major Sainsbury's store and superb quality of catchment. The park has yet to reach its full potential and thus we anticipate it showing good levels of growth in the future.'

Riddell Thoms & Co acted for the vendor, which managed the property on behalf of Friends Provident.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Retail