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Forge Shopping Centre, Scotland, Store, Shops, Units, News, Building
Forge Shopping Centre, Glasgow : Information
Scottish Retail Centre : Parkhead - Grosvenor Shopping Centre Fund
Forge Shopping Centre Glasgow
Forge Shopping Centre in Parkhead, Glasgow, dates from the 1980s.
Povall Worthington were instructed to prepare proposals for the refurbishment
of the mall & extension of various retail units to modernise &
meet current retailing demand.
Proposals feature new internal finishes throughout the mall and extended
retail units to maximise retail use. Building Warrant applications
were prepared & submitted to the local authories with the assistance
of other specialised consultants.

Value: £2million approx
Stage: Completed November 2008
Client: Belfast Office Properties
Forge Shopping Centre images / infomation from Povall Worthington
Povall
Worthington
Building: Scott, Brownrigg and Turner
Forge Shopping Centre Sale
Apollo Real Estate, with joint venture partners Portfolio Holdings,
David Henderson-Williams and Rob Cossey, has agreed the sale of the
Forge Shopping Centre in Parkhead, Glasgow to Grosvenor - announced
today (5 Aug 2004).
The 453,000 sq ft Forge Centre scheme becomes the latest addition
to the Grosvenor Shopping Centre Fund, taking the fund's net asset
value to £500m.
The Forge Shopping Centre occupies a dominant position in the East
of the city. First opened in 1988, the centre now has more than 80
retail units - including the recently opened Dunnes Stores - and an
Asda superstore, Littlewoods, seven-screen UCS Cinema complex and
1800 car parking spaces.
Welcoming the deal, Tony Christie, Grosvenor's Retail Fund Manager
said: 'The Forge will be an important complement to the Fund's existing
UK shopping centre assets, which also include centres in Grimsby,
Durham, Poole and Burton-on-Trent. 'The Forge fits exactly the criteria
for the Fund, which targets town centre locations offering prime retail
pitches. It represents an exciting opportunity to capture the significant
asset management potential of the centre, and to continue to develop
the strong market position which the Forge has so far enjoyed.' He
added: 'We are confident that we can continue to attract more big
name high street stores to the centre.'
Speaking on behalf of the joint venture partners, Paul Parkinson,
Chief Executive of Portfolio, said: 'When we purchased the Forge last
year, there were a number of key long-term objectives we embarked
upon. We now believe we have unlocked some real potential for the
scheme. When Grosvenor approached us, we felt they would be well placed
to take advantage of these and we wish them every success'.
Agents DTZ Debenham Tie Leung acted for Grosvenor; Strutt & Parker
acted for the Apollo Real Estate and its joint venture partners.
Forge Shopping Centre, Parkhead: PR 5 Aug 2004
Issued on behalf of Grosvenor and Apollo Real Estate by Weber Shandwick
Grosvenor Shopping Centre Fund:
Grosvenor has a strong track record in UK fund management. The Grosvenor
Shopping Centre Fund was set up in 1998 as a UK Limited Partnership,
and has increased its institutional investors from three to 11 in
the last year. The Fund was ranked as the best performing quarterly
or monthly valued fund for the year ending March 2004 by the Investment
Property Databank.
Grosvenor in Scotland:
Grosvenor has an established presence in Scotland, having a dedicated
office in Edinburgh for more than 20 years. Grosvenor is the main
development partner for the Fife Leisure Park, in Dunfermline, Fife,
and Holyrood Park House in Edinburgh, and has key partnership roles
in the Pacific Quay development in
Glasgow and Edinburgh
Technopole, the world-class science park south of Edinburgh.
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Other Scottish Shopping Centres:
Silverburn
Braehead Shopping Centre off
the M8, west of Glasgow
Glasgow Fort, Auchinlea, Glasgow
- see below
Kinnaird
Park, east Edinburgh
The
Gyle Shoppng Centre, west Edinburgh
Fife
Leisure Park, Dunfermline
Glasgow Armadillo

photo © isabelle lomholt
Also by Povall Worthington : Savoy Centre Glasgow
Scottish
House
Glasgow Shopping
Glasgow School of Art

photo © adrian welch

Glasgow Architecture : homepage
Comments / photos
for the Forge Shopping CentreArchitecture page welcome: info@glasgowarchitecture.co.uk
Forge Shopping Centre Building - page: adrian
welch / isabelle lomholt
Website: www.forgeshoppingcentre.co.uk |
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