Lightyear - Glasgow Airport Business Park
Distressed and underinvested asset next to a major transport hub, offering major repositioning opportunity.
Asset Management Successes
- Re-signed Taylor Wimpey for 10 years, no breaks
- Leased 11,500 sq ft to Cefetra for 10 years, no breaks
- Leased 17,400 sq ft to Flavourly for five years, 3 year break
- Leased 22,400 sq ft to NHS on a fully fitted out basis
- Constructed 200 space car park
- Future expansion through retail amenity
- 100% let
- Contracted rent on acquisition £709,342; now risen to £1,692,448 pa
Sold at significant profit to Regional REIT