Case Study

Elgin – Springfield Retail Park

Elgin

Out of Town Retail

Asset Management initiatives undertaking during 2021 / 2021:

  • Pets at Home lease regear – 5 year lease extension, rent increased from £16.00 to £17.50 per sq ft on 7,500 sq ft
  • Curry’s lease regear – 10 year lease extension, rent increased from £13.00 to £16.50 per sq ft on 15,000 sq ft
  • Mountain Warehouse letting – to replace New Look – 10 year lease, £18.50 per sq ft on 7,800 sq ft

Full let park sold in 2022 resulting in a substantial capital gain.

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