Peterhead
Buchan Gateway
Further to instructions received from Hermiston Securities, Savills identified tenant demand for this greenfield site in the north east Scotland town of Peterhead.
This resulted in a pre-let being secured to B&Q for a new Mini-Warehouse store of 41,810 sq ft in what is their smallest catchment location in Scotland. A subsequent forward commitment sale of the investment was secured at a net initial yield of 5.22%.
Phase 2 proposals for the scheme are now being progressed to further capitalise on latent retail demand for the town.
CONTACT INFORMATION
Ian Buchan
+44 (0)131 247 3806
ibuchan@savills.com