Completed Developments : Robroyston Retail Park
Robroyston Retail Park, Glasgow
Dawn Developments purchased this 12.55 acre site, which is situated between the M80 Stepps by-pass and the Asda Robroyston, from Elmford Limited in 2006. The site had planning consent for 86,000sqft bulky goods retail space. Prior to site commencement in September 2006 a pre-letting was secured with Homebase, as the anchor tenant, for a unit of 35,000sqft and a garden centre of 12,000sqft. The Retail Park was completed in August 2007 with other lettings including, Acorn Pets (8000sqft), Dreams (8000sqft) and Curry’s (10,000sqft).
We continued to look for ways to increase the value of the asset and in December 2007 we obtained planning consent for an additional 21,500sqft of retail space. In June 2010 we obtained planning consent for a 4700sqft fast food drive thru on part of the site which was let to McDonalds and completed in December 2010. The final enhancement was to open out the consent to allow unrestricted class 1 retailing and this was achieved in June 2011.
With the value of the asset maximised the investment was put on the market and sold in March 2013 to a large pension fund.