33 Main Street Ayr, is Turnstone's first Retail Warehouse purchase in Scotland.
Major Retail Investment for Turnstone
Acquired from a private vendor,
the 30,000 sq ft of retail space with car parking has already been let to MFI on a FRI lease.
Advised by Smith Cole Wright of Glasgow, the property was acquired as part of Turnstone's ongoing strategy to increase its exposure to the Retail Warehouse sector and Turnstone will hold the investment for future management.
This is the second retail warehouse Investment property acquired in the last 12 months by Turnstone, a B & Q Retail Warehouse in Clacton having been secured during summer 2002.
Turnstone is also responsible for the new 70,000 sq ft retail park currently under construction in King's Lynn.
St Nicholas Retail Park has been pre let to Wickes, Choices and Farmfoods, amongst others, and has prospective tenants lined up for the remaining 12,000 sq ft.
Whilst the last ten years has seen Turnstone establish itself as one of the regions most active and successful developer / investors of business space, the arrival of Nick Scott during 2001, has allowed Turnstone to focus
with new expertise, in the specialist and dynamic retail sector.
Nick's pool of sector knowledge, gained over the last 20 years in retail warehouse development
with national retailers MFI and ASDA, now enables Turnstone to react quickly and decisively to create and identify opportunities nationwide.
Turnstone has established strong working relationships with Retailers, Land and Property owners, as well as experienced consultant teams. It is these ingredients which enable Turnstone to now successfully compete in the highly competitive Retail Warehouse sector with confidence.
Established in 1989, Turnstone is one of the most active and dynamic property companies in the south east of England.