Sidra Capital has completed the sale of Great Western Retail Park in Glasgow to a US institutional buyer in an off-market transaction. Having assembled the property between 2017 and 2019, Sidra Capital successfully executed a comprehensive asset management plan prior to the sale. Activities included regearing with major tenants, constructing the first Greggs drive-thru in Glasgow, physical enhancements, and community engagement to ensure the park remains attractive to tenants and is the destination of choice for consumers in its large catchment area.
Hani Baothman, Chairman of Sidra Capital, commented: “We are delighted to have profitably exited this investment for our investors. Our asset selection process has been vindicated and our active management approach proven effective by our ability to maintain occupancy, grow visitor numbers and add value while navigating through various headwinds in the retail sector. We wish the new owners all the best in ensuring the property remains an important part of Glasgow’s retail landscape.”
