Wednesday, 18 May 2011

Waking up to new opportunities

Archers Sleepcentre have agreed terms with MEPC Hillington Park on a 10 year lease of a prominent location on Hillington Road for a new showroom, along with two other storage units elsewhere on the estate.

The expanding multi-outlet Scottish-based bedroom furnishing company, founded in 2001, was attracted to the opportunity and showroom potential of the premises at 442 Hillington Road, which was previously occupied by Auto Windscreens.

In addition to the 8,500 square feet of showroom space, Archers Sleepcentre are leasing a further 12,700 square feet of storage space at two units in Colquhoun Avenue. The storage units are the subject of three-year lease agreements.

Andrew Kerr, the MEPC Asset Manager at Hillington Park, said: “The premises at 442 Hillington Road were only vacated by the previous occupier on 1 February 2011 and, from the outset, we have worked closely with Archers Sleepcentre to get the property back into good lettable condition and to meet their requirement for entry by mid March. We are delighted to have achieved this and now to have Archers Sleepcentre’s presence at Hillington Park in what is widely recognised as one of Glasgow’s premier business locations.”

Ian Archibald, the Managing Director of Archers Sleepcentre, added: “MEPC have been completely understanding of our requirements, and we are delighted to be able to open our tenth Scottish showroom in such a visible location at Hillington in a very short timescale”

The quick turnaround and flexibility of approach re-emphasises the ability of MEPC’s management at Hillington Park to maintain an exceptionally low rate of void space, even in the prevailing economic environment.

James Barr & Son acted on behalf of the MEPC.

No comments: