Flagship retail building which houses TK Maxx in Glasgow for sale
HIH Real Estate chose real estate advisor CBRE to list the investment opportunity located at 36–48 Argyle Street.
The property, which is fully let and spans 82,507 sq ft across the basement, ground, and three upper floors, is anchored by retailer TK Maxx.
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Situated directly opposite the St Enoch Centre on the pedestrianised stretch of Argyle Street, the asset is described as one of the 'best-located, large-format retail units' in the UK.
The retail unit houses a multi-level flagship store for TK Maxx, which has committed to a £1.2 million refurbishment, cementing its long-term presence.
A second ground floor unit has been leased by Holland & Barrett, with a 10-year lease starting from September.
Andrew Shiells, senior director at CBRE Scotland, said: "This is a rare opportunity to acquire one of Glasgow's most prominent high street retail assets.
"With excellent visibility, strong tenant covenants, and clear value underpinned by ongoing investment from occupiers, it represents a robust, long-term urban retail investment in a location that continues to evolve and strengthen."
The area is undergoing significant regeneration under Glasgow City Council's 'Avenues' project, which is delivering improved public spaces, infrastructure for active travel, and enhanced connectivity throughout the city centre.
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Glasgow Times
14 hours ago
- Glasgow Times
Flagship retail building which houses TK Maxx in Glasgow for sale
HIH Real Estate chose real estate advisor CBRE to list the investment opportunity located at 36–48 Argyle Street. The property, which is fully let and spans 82,507 sq ft across the basement, ground, and three upper floors, is anchored by retailer TK Maxx. Read more: Date of first Rangers vs Celtic 2025/26 Scottish Premiership fixture confirmed Glasgow will be as hot as Ibiza today - here's the forecast Bothwell Castle becomes stage for creative dance piece by school students Situated directly opposite the St Enoch Centre on the pedestrianised stretch of Argyle Street, the asset is described as one of the 'best-located, large-format retail units' in the UK. The retail unit houses a multi-level flagship store for TK Maxx, which has committed to a £1.2 million refurbishment, cementing its long-term presence. A second ground floor unit has been leased by Holland & Barrett, with a 10-year lease starting from September. Andrew Shiells, senior director at CBRE Scotland, said: "This is a rare opportunity to acquire one of Glasgow's most prominent high street retail assets. "With excellent visibility, strong tenant covenants, and clear value underpinned by ongoing investment from occupiers, it represents a robust, long-term urban retail investment in a location that continues to evolve and strengthen." The area is undergoing significant regeneration under Glasgow City Council's 'Avenues' project, which is delivering improved public spaces, infrastructure for active travel, and enhanced connectivity throughout the city centre.
Scotsman
18 hours ago
- Scotsman
Done deal: How Hibs bagged £1 million for unwanted striker as exit confirmed
Limited first team options, a year left on contract - so Mackay cashes in to turn tidy profit Sign up to our Hibs football newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Hibs have completed the sale of Dylan Vente for a fee in excess of £1 million. And sporting director Malky Mackay insists the Easter Road club are 'happy with the deal' struck with Eredivisie side SC Heerenveen. Officially confirming the exit of a 26-year-old striker who spent last season on loan with PEC Zwolle, Hibs confirmed that they'd received 'a significant fee' for Vente, who cost them in excess of £500,000 when signed by Lee Johnson in the summer of 2023. Dutch centre forward Vente, who had been playing in his country's second tier for Roda when he bagged his move to Scotland, faded after an early flurry of goals in green-and-white. Advertisement Hide Ad Advertisement Hide Ad Told he would get limited game time under David Gray when the former captain took over as boss on a permanent basis last summer, Vente was more than happy to join Zwolle on a season-long loan. And he made the most of his opportunity, banging in 13 league goals and earning rave reviews for his performances as PEC finished tenth in the top flight. Heerenveen, who finished just a place above Zwolle, made their interest known towards the end of last season. And, despite being willing to sell a player entering the final year of his contract, Hibs persuaded the buying club to stretch to a seven-figure fee for their top transfer target. Sporting director on Dylan Vente's 'desire' to stay in Holland Mackay said Vente's desire to stay in Holland was a factor, with the Suriname international making his preferences clear, the sporting director revealing: 'There was a lot of interest in Dylan this summer after his performances last season, and he had a clear desire to continue playing and enjoying his football in the Eredivisie. We had to make sure that we got the right deal for Hibernian FC, and after a number of conversations, we're happy with the deal we've got for him. We wish him nothing but the best going forward.' Vente made 43 appearances, scoring 11 goals, during his time with Hibs. He was an early hit at Easter Road, scoring on his debut in a famous Europa Conference League win over FC Luzern at Easter Road. Advertisement Hide Ad Advertisement Hide Ad Following Johnson's dismissal, the attacker then banged in three goals in Nick Montgomery's first three games as gaffer early in season 2023-24. But he only found the net three times over the next eight months as Hibs missed out on a top-six place on the final weekend before the Scottish Premiership split. The arrival of Scotland hopeful Kieron Bowie for a significant fee last summer forced Vente further down the pecking order as new gaffer Gray looked for a change of style at the top end of the team. Mykola Kuharevich also returned to Easter Road for another loan spell, while the acquisition of veteran free agent Dwight Gayle increased competition for places up front. Gray, happy that Vente has found a better fit for his talents, said: 'I'd like to start by wishing Dylan all the best for the future. He was a player that I enjoyed working with on the training pitch and someone that had a real desire to do well. Advertisement Hide Ad Advertisement Hide Ad 'He performed well in the Eredivisie with PEC Zwolle last season and felt more comfortable back in his homeland, playing football with a smile on his face. His time at Hibs didn't quite work out the way we'd all planned, but I'd like to thank him for all his hard work and hope he goes on to achieve his ambitions and full potential.' In the official statement released this morning, Hibs said: 'We can confirm that Dylan Vente has joined Eredivisie side SC Heerenveen on a permanent transfer. The terms of the 26-year-old's transfer will remain undisclosed, however, the club has received a significant fee.'
Scotsman
2 days ago
- Scotsman
‘Flagship' TK Maxx building in heart of Scottish city centre on sale for £15 million
'This is a rare opportunity to acquire one of Glasgow's most prominent high street retail assets' – Andrew Shiells, CBRE Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Clothing retail giant TK Maxx's home on one of Scotland's busiest shopping thoroughfares has been put up for sale. Located at 36-48 Argyle Street in Glasgow the fully let property, described as a 'flagship retail and office investment opportunity', comprises more than 82,000 square feet across basement, ground and three upper floors. It is anchored by TK Maxx. Advertisement Hide Ad Advertisement Hide Ad Property advisor CBRE, which has been appointed by HIH Real Estate to bring the building to market, is looking for offers in excess of £15 million. The building at 36-48 Argyle Street in Glasgow is anchored by TK Maxx. CBRE noted: 'Prominently positioned on the pedestrianised section of Argyle Street, directly opposite the St Enoch Centre, the asset represents one of the best located, large format retail units in one of the UK's busiest retail destinations.' It said TK Maxx had committed to a £1.2m refurbishment programme, reaffirming its long-term presence. Health food chain Holland & Barrett has committed to lease a second ground floor unit on a ten-year term from September 2025, contributing further to the building's 'strong tenant profile and future potential', property experts added. Andrew Shiells, senior director at CBRE Scotland, said: 'This is a rare opportunity to acquire one of Glasgow's most prominent high street retail assets. With excellent visibility, strong tenant covenants, and clear value underpinned by ongoing investment from occupiers, it represents a robust, long-term urban retail investment in a location that continues to evolve and strengthen.' Advertisement Hide Ad Advertisement Hide Ad The firm added: 'The surrounding area is undergoing significant regeneration as part of Glasgow City Council's 'Avenues' project, delivering improved public realm, active travel infrastructure and enhanced connectivity throughout the city core.
