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Latest News

As retail and business space specialists, we are one of the most active and progressive firms of Scottish based Chartered Surveyors and property consultants. This section brings you some of our latest deals news from across the UK.

11th July 2024

Retail Parks / Retail Deals

Victoria’s Secret & Co. arriving at Glasgow Fort soon!

Yet another new brand for the scheme, trading alongside Zara and Next and close to the new Primark which will be opening later this year.


A pleasure dealing with Gary Robinson at Next in negotiations.

Contact Ian Whelan
27th June 2024

General / Other News

Amy is First Class!

We are extremely proud of our very own Amy Matteo for graduating from Edinburgh Napier University with nothing other than a First Class Honours degree in Real Estate Surveying 💪

Hard work truly pays off and the recognition is very well deserved.

Congratulations Amy! 🏅

Contact Amy Matteo
20th June 2024

Restaurant & Leisure / Retail Deals

New letting at The Gate, Newcastle to Lane7

EYCO are pleased to announce a new high-profile letting to Lane7, the UK’s largest independent boutique bowling and gaming operator, at The Gate Leisure Complex in Newcastle. The new 24,000 sq ft entertainment venue will be their second site in the city centre. Extra special as it is in their home city.

This latest addition to the retail, leisure and dining offer at The Gate comes off the back of various other positive leasing initiatives.

Big shout out to Will Biggart at Torridon for helping to make this deal happen, acting on behalf of the tenant.

To find out more about our availability, contact Simon Bashford or Eric Lindgren.

Contact Simon Bashford
11th June 2024

Investment / Other News

Investment disposal of 38 Fitzroy Street, Cambridge

Our investment team were delighted to assist CBRE Investment Management in the investment disposal of 38 Fitzroy Street, Cambridge.

The asset is securely let to Superdrug and sits in a key location opposite the Grafton Centre which recently received planning to be substantially redeveloped.

Sam Waterworth of Knight Frank acted on behalf of the purchaser whilst DLA Piper assisted our client on the legals.

For more information on the transaction, contact Patrick Over.

Contact Patrick Over
11th June 2024

General / Other News

Walking the Walk

The EYCO team had a great day out walking part of the John Muir Way in aid of Maggie’s Centres on 7 June.

A huge thank you to everyone who sponsored us.
It’s not too late to help us reach our target! 🙏
https://www.justgiving.com/page/eyco

30th May 2024

General / Other News

Walking the John Muir Way for Maggies

On 7 June 2024 the EYCO team are walking part of the John Muir Way – a 15 mile trek from Dunbar to North Berwick – in aid of Maggie’s Centres.


We’re very grateful for any support you can give!
https://lnkd.in/g82xtTrA

Thank you!

23rd May 2024

Investment / Other News

Prime Convenience Store Investment Opportunity

𝗔𝗶𝗿𝗱𝘀 𝗖𝗿𝗼𝘀𝘀𝗶𝗻𝗴, 𝗙𝗼𝗿𝘁 𝗪𝗶𝗹𝗹𝗶𝗮𝗺 𝗣𝗛𝟯𝟯 𝟲𝗘𝗨

• Prime location in the “Outdoor Capital of the UK” Fort William, a popular tourist location in the West Highlands of Scotland
• 𝗜𝗻𝗱𝗲𝘅 𝗹𝗶𝗻𝗸𝗲𝗱 𝗹𝗼𝗻𝗴 𝗶𝗻𝗰𝗼𝗺𝗲 secured against the undoubted financial covenant of 𝗧𝗲𝘀𝗰𝗼 𝗦𝘁𝗼𝗿𝗲𝘀 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 until 𝟮𝟮/𝟬𝟭/𝟮𝟬𝟰𝟯
• Tesco relocated to the subject property in 2023, right sizing their store for long term occupation
• The Original Factory Store (TOFS) have recently committed to a new lease of the adjoining unit which extends to approx. 11,000 sq ft
• Ground floor unit extending to 4,068 sq ft with dedicated service yard to the rear
• Passing rent of £𝟳𝟳,𝟬𝟬𝟬 𝗽𝗲𝗿 𝗮𝗻𝗻𝘂𝗺 with the next 𝗥𝗣𝗜 𝗹𝗶𝗻𝗸𝗲𝗱 𝗿𝗲𝗻𝘁 𝗿𝗲𝘃𝗶𝗲𝘄 due 23/01/2028
• Offers over £𝟭,𝟭𝟲𝟱,𝟬𝟬𝟬 reflecting a 𝗻𝗲𝘁 𝗶𝗻𝗶𝘁𝗶𝗮𝗹 𝘆𝗶𝗲𝗹𝗱 of 𝟲.𝟮𝟱%, assuming standard purchaser’s costs

For further information, contact Gregor Martin or Ali Rowe.

Contact Gregor Martin
23rd May 2024

Investment / Other News

Dominant, Community Shopping Centre Investment Opportunity

On behalf of NewRiver REIT plc, EYCO are delighted to launch the sale of Burns Mall, Kilmarnock.

• Kilmarnock is the largest town in East Ayrshire and serves as the administrative centre for the East Ayrshire Council.
• Burns Mall is the dominant retail offer in Kilmarnock.
• Large inward investment from East Ayrshire Council utilising £20m from UK Government’s Levelling Up Fund with exciting projects identified.
• The centre comprises approximately 179,804 sqft (16,704 m²) of retail accommodation.
• Anchored by JD Sports, Home Bargains and New Look with a number of popular national multiples present including Greggs, Boots, Shoe Zone, 3 Store, CEX and Farmfoods.
• Long leasehold (circa 80.5 years unexpired)
• WAULT of 1.92 years to expiry
• Current gross income of £877,914 pax (including turnover rents).
• Affordable annual rents
• Various asset management opportunities to improve the NOI.

We are instructed to seek offers in excess of £2,850,000 reflecting an attractive net initial yield of 15% and low capital value of £15.85 psf.

For more information contact Patrick Over, Gregor Martin, Duart Keith and Ruari Hobkirk.

Contact Patrick Over
23rd May 2024

Shopping Centres / Retail Deals

New opening alert – The Centre, Livingston

We are delighted to have acted on behalf of The LCP Group to bring Rituals to The Centre, Livingston.

With its prominent location and beautiful shop fit the brand is a welcome addition to the evolving retail line up here in Livingston. Thanks to Mark Brennan who acted on behalf of Rituals.

For information on more opportunities within The Centre please get in touch with the EYCO team Ali Rowe and Alexandra Campbell or our joint agent Savills Global Retail and Leisure.

Contact Alexandra Campbell
23rd May 2024

Development / Retail Deals

New Starbucks Drive-thru in Wolverhampton

A visit to Wolverhampton today for Georgia Croucher and I to see the new Starbucks Drive-thru store which has recently opened at Bentley Bridge Retail Park.

It was particularly pleasing to see this new site up and trading as, on this occasion, Starbucks undertook the build on behalf of the landlord, Aviva. The new drive-thru looks great, especially coupled with the standard Starbucks high calibre fit-out.

We also took the opportunity to meet with Lloyd James MRICS, the asset manager for the scheme, and Russell Homer MRICS, who acted on behalf of the landlord, and experienced the fruits of our labour! ☕ Thanks to Stuart Gall who led the acquisition from Starbucks perspective, but is currently sunning himself on holiday! 😎, as well as the full project team including Robin Golder and David Wilson.

Contact Kevin Hughes
9th May 2024

General / Other News

EYCO expands Equity Partnership

🚀 EYCO expands Equity Partnership with the promotion of Ali Rowe & Patrick Over. 🚀

Ian Whelan, managing partner at EYCO, said: “We’re delighted to welcome Ali and Paddy to the equity partnership. Both are young and dynamic individuals and will help to drive the business forward in years to come.”

 

 

Contact Ian Whelan