£10m retail boost for city outskirts

Published: 05 February 2019

A £10 million 'retail terrace' at Straiton Retail Park on the A720 City of Edinburgh Bypass has been given the go ahead by Midlothian Council. The 25,500 sq ft development is planned by Peel Retail parks, part of Peel Land and Property.

The new eye-catching, glass-fronted building will sit fronting Straiton Road and will house up to 11 new tenants featuring a line-up of top brands, with Greggs, Starbucks, Card Factory and Archers Sleep Centre already confirming spaces within the units.

Peel Retail Parks’ investment into Straiton Retail Park, will enhance the local area, support the regional economy and create a number of new jobs in the process.

Duncan Mayall, relationship director, RBS

 

Peel Retail Parks, who own and manage the 260,000 sq ft site, aim for the new offering to enhance the shopping experience at the popular park, which already has a retail line up including Next, Sofology, Nike, M&S and Nandos.

Leah Taylor, development manager at Peel Retail Parks, part of Peel L&P, said: “This is fantastic news for Straiton Retail Park and its customers.

“In recent years, we have seen the park go from strength to strength with an ever-increasing number of shoppers visiting us each year. The high specification retail terrace, with additional parking, adds a further attractive retail offering to this already successful park, providing shoppers with a more diverse shopping experience. We’re in very advanced negotiations with a number of national retailers for the remaining units.”

The scheme is being funded through a development facility from Royal Bank of Scotland’s corporate banking team...

Full story via Business Insider News

 

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