June 25, 2026
Blackstar Real Estate has been appointed as asset managers for a portfolio of prominent UK retail assets comprising Market Place in Bolton, Waverley Market in Edinburgh and Rutherglen Exchange in Glasgow.
The portfolio includes a mix of established shopping centres and convenience-led retail destinations, each serving strong local catchments and offering asset management and repositioning opportunities.
Market Place is a 430,000 sq ft retail scheme in Bolton town centre, anchored by Primark, Next and H&M together with a wide range of retail and leisure operators. Waverley Market, located next to the Princes Street and Waverley Station, is home to a variety of independent and national occupiers. While Rutherglen Exchange, to the south-east of Glasgow city centre, serves as a core convenience retail destination for the local community.
Blackstar Real Estate will be responsible for delivering asset management strategies across all three schemes, with a focus on income optimisation, leasing activity, tenant mix enhancement, and identifying opportunities to reposition and future-proof the assets in line with evolving retail and consumer trends.
Sabri Marsaoui at Blackstar Real Estate said: “We are delighted to have been appointed to manage these three important retail assets. Each scheme presents a distinct opportunity to apply our hands-on asset management approach, strengthen tenant engagement, and drive long-term value. We look forward to working closely with the stakeholders to enhance performance and fulfil their true potential.”
The mandate reinforces Blackstar Real Estate’s growing reputation in delivering active asset management strategies for shopping centres and mixed-use retail environments across the UK.
