7 Dec 2020
M7 fully lets Birkenshaw Trading Estate, Glasgow
M7 Real Estate (“M7”) the pan-European investment and asset manager specialising in multi-tenanted properties, announces that it has, on behalf of M7 REIP V, let the remaining vacant retail warehouse unit at Birkenshaw Trading Estate, Uddingston near Glasgow resulting in 100% occupancy.
The property comprises three retail warehouse units totalling circa 45,000 sq ft and is located approximately eight miles east of Glasgow with excellent proximity to the national motorway network. Carpet King has taken a new 20 year lease on Unit 1B which extends to a total of c. 12,000 sq ft and joins Oak Furniture Land and Poundstretcher in adjacent units.
Euan Burns, Divisional Director commented, “Given the challenging conditions being faced as a result of the COVID pandemic, it is pleasing to complete a new letting, particularly to a local retailer. It demonstrates that well-located assets offered at a sensible rent remain popular and highlights the relative outperformance of the DIY sector in recent months.”