Kingston Bridge Trading Estate
1 March 2013 On behalf of an insurance company client, Cornerstone has acquired Kingston Bridge Trading Estate for £8.7 million (approx. €10.1 million). Kingston Bridge is one of Scotland’s premier multi-let trade parks and is let to national multiples such as Screwfix, Travis Perkins, Hire Station and Edmundson Electrical. Located within 1km of Glasgow city center and with direct access to the M8 and M74, the property is able to serve the entire city and surrounding areas. The estate currently produces a rent of £740,000 (approx. €858,577) per annum and has a weighted unexpired lease term in excess of five years. The asset offers numerous opportunities to add value by improving the tenant mix, regearing leases and increasing the built area through partial redevelopment. Ryden acted for Cornerstone, Knight Frank for the vendor.