Ediston

The development of the 48,000 sq. ft. convenience-led retail park and petrol filling station in Haddington is progressing well, and is forecast to reach practical completion in June 2021. The retail park is pre-let to Aldi, Home Bargains, The Food Warehouse, Costa Coffee and Euro Garages.

The development of the two pod units at Coatbridge, Glasgow, has reached Practical Completion. The units, which extend to 1,800 and 2,750 sq. ft., were pre-let to Costa Coffee and Burger King. Costa has signed a 15-year lease with a 10-year break option, whilst Burger King has signed a 20-year lease with a 15-year break option. The two units provide the Company with an additional £160,000 of rental income per annum.

Construction has started on the 48,000 sq. ft. retail park and petrol filling station in Haddington, East Lothian. The site, which is adjacent to several new housing developments, is 97% pre-let to national retailers Aldi, Home Bargains, The Food Warehouse, Costa Coffee and Euro Garages. One unit of 1,500 sq. ft. is available to lease, and it is anticipated that this will be let prior to the projected development completion date of June 2021. Once completed and fully occupied, the retail park will provide the Company with additional rental income of £875,000 per annum and will have a weighted average unexpired lease term of 14.4 years, assuming the vacant unit is let for a term of five-years. Costs to completion