Moran Asset Management

Asset Management – Town Centre Retail & Multi-Storey Car Park

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  • Asset Management role for a 10,800 m2 (1.1 Ha) site in Southern Scotland. Site currently home to a 5,000 m2 retail unit and adjacent multi-storey car park
  • Prominent site at a key entrance to a popular town. Challenge of a complex site and agreeing the most efficient use for a busy car park that serves both adjacent retail unit and wider town centre. In addition, various maintenance and development issues associated with a car park built some years ago
  • Unit fully occupied and retailer trading well. Recent rent review and tenant break option agreed with a 10% increase in the passing rent. Wider site and car park also being assessed for possible extension/redevelopment opportunities in the medium to long term with professional team engaged and exploring options