BLACKSTONE AND SOVEREIGN CENTROS SECURE PLANNING FOR NEW LEISURE SCHEME AT ST ENOCH SHOPPING CENTRE, GLASGOW

December 23, 2016

Sovereign Centros, as Operating Partner for the centre’s owner, Blackstone, has secured planning consent from Glasgow City Council for a new 90,000 sq ft leisure redevelopment at St Enoch shopping centre in Glasgow city centre.

The scheme will comprise a new 30,000 sq ft, nine-screen cinema, up to nine new restaurants and an additional 35,000 sq ft of new retail and leisure floorspace.

The redevelopment will be located at the east end of St Enoch shopping centre in the former BHS store, which closed earlier this year.

Jon Lurie, Managing Director at Blackstone, commented:

“We are delighted to have secured this major planning consent for the regeneration of the east end of St Enoch. This consent represents a critical milestone in our strategy of upgrading St. Enoch’s to create an attractive destination for Glaswegians to shop, dine, and spend time with friends and family.”

Paul Bailey, Director of Sovereign Centros commented:

“The provision of a complete leisure destination, all under one roof with adjacent car parking, will be unique for Glasgow City Centre and will further boost St Enoch’s rapidly enhancing reputation.

“We are very well advanced in discussions with an international cinema brand as well as numerous household restaurants. “

CBRE advised on planning and letting agents are Cushman & Wakefield and Eric Young & Co.

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