Latest News

We’re delighted that Callum has been promoted to Associate Partner. Congratulations.

We are excited to welcome Peter Fraser to EYCO as a partner in the business space team.

Following 11 successful years heading up Avison Young’s Edinburgh agency team, Peter found the chance to work at EYCO too good to turn down. He can’t wait to get going with the rest of the team, Neil McConnachie, Neil Gordon and Amy Matteo.

If anyone is looking for agency or general property advice then he would be delighted to hear from you on  pfraser@eyco.co.uk – while his mobile remains the same – 07702 759 149.

Congratulations to Ruari on successfully passing his APC and becoming our latest fully qualified surveyor. We are all delighted that all of his hard work has paid off and we are looking forward to seeing him develop at EYCO in the years to come.

Fantastic to see another great occupier join the line up at The Centre, Livingston with Starbucks opening in units 305A and 305B. So far this year the teams at EYCO and Savills have secured 12 new tenants to the scheme, including Starbucks, Rituals, Sostrene Grene and Hollywood Bowl Group Plc!

For more information on the scheme please contact Ali Rowe, Alexandra Campbell, Stuart AJ Moncur or Charlie Hall.

EYCO have been appointed by British Land as joint letting agent on three retail parks in Scotland, following the company’s acquisition of Inshes Retail Park, Inverness and Central Retail Park, Falkirk recently. British Land have also appointed EYCO on Inverness Shopping Park.
Ian Whelan, Managing Partner commented “We’re proud to be able to grow our relationship with British Land with these new appointments, which are in addition to existing instructions at Fort Kinnaird Shopping Centre, Edinburgh and Glasgow Fort. These are major retail assets and the appointments will allow us to better advise our client across their Scottish holdings”.

An exciting opportunity for a graduate to join one of Scotland’s market-leading commercial property consultancies as part of a structured training programme with a view to achieving career progression leading to professional status.

With offices in Edinburgh, Glasgow and London, our team has been immersed in the market for over 40 years, gaining an in-depth understanding of owners’ and occupiers’ requirements. Our retail agency team is currently active on 22 shopping centres and retail parks.

EYCO is looking for an outgoing, self-motivated individual with the enthusiasm, initiative and attention to detail to thrive within a fast paced environment.

Candidates should ideally have an RICS accredited degree or may already be working towards their APC with another firm. However we welcome graduates from all backgrounds who have an active interest in the property industry. The successful candidate must be available to start during 2025, with an exact start date to be agreed.

Want to join us?
Please send your CV and Cover Letter to acampbell@eyco.co.uk to apply for the role or for further details.

Retail, Hospitality & Leisure (RHL) in England are to get a permanent business rates reduction. Good news for most, but certainly not for everyone.

Before the election, the property headlines suggested that Labour would abolish business rates (although they didn’t actually say that). Labour haven’t done that, but RHL properties in England with a rateable value less than £500,000, are now promised a permanent discount on their non-domestic rates multiplier (from 2026/27) BUT to be paid for by a higher rates charge for properties with rateable values >£500,000. In the interim there will also be 40% relief for RHL properties in 2025/26, subject to a cap of £110,000 per business.

Whilst the Government narrative is that the distribution giants will be supplementing the High Street with higher rates contributions, the threshold of RV £500,000 will capture many supermarkets, retail park occupiers and high-end / large retail.

There will be consequential funding for Scotland, but previously the Scottish Government have failed to pass on any of the additional NDR reliefs awarded in England, particularly for the hospitality sector. The Scottish Government already have plans for a Supermarket rates levy so any suggestion of a further business rates multiplier supplement will be a concern. If the Scottish Government fail to pass this policy on, it will only create a wider divide and sense of unfairness amongst RHL occupiers .

Great coverage from Completely Retail on our relocated and improved office in Glasgow (204 West George Street). This Glasgow move and our recent new office opening in London marks an exciting period in the development of the EYCO business. We continue to go from strength to strength.

Welcome to Multrees Walk Edinburgh, Gucci! Lighting up an otherwise wet day in the capital city. And what a spectacular store!

Contact Ian Whelan at EYCO or our joint agent Peter Mace if you have any luxury requirements for Edinburgh.

The EYCO team will be at Stand 55 – please get in touch if you’d like to arrange a meeting.

Ian Whelan
Robert Farmer
Craig Wilson
Eric Lindgren
Kevin Hughes
Ali Rowe
Alexandra Campbell
Callum Keane

Hope to see you there!

EYCO are thrilled to announce the opening of a new office in the West End of  London.

Managing Partner Ian Whelan commented:

“Our new London base will enhance our ability to provide clients with best-in-class advice and supplement our offices in Edinburgh and Glasgow. We understand the importance of being accessible to our clients and wider network and this move will help us to develop both existing and new relationships.

Patrick Over will be leading the London team having spent over a decade forging relationships in London and developing expertise in the UK commercial property investment sector with a particular focus on retail. All our team members are likely to be spending a lot more time in London and with a lot more ease as a result of our expansion.

We’re very excited for what the future holds!”

The EYCO London office is located at Mappin House, 4 Winsley Street, W1W 8HF.

Looking forward to another productive day at Completely Retail Marketplace! The EYCO team will be at Stand 55 – please get in touch if you’d like to arrange a meeting.

Ian Whelan
Robert Farmer
Craig Wilson
Eric Lindgren
Kevin Hughes
Ali Rowe
Alexandra Campbell
Callum Keane

See you there!

Bayne’s the Family Bakers is Scotland’s largest independent retail baker, with 68 shops, established in 1954.
They are looking for opportunities to expand in high traffic locations with a preference to buy.

Full details in the image above or contact Ali Rowe at EYCO.

One of the added benefits of having an office in Edinburgh is our day out, embracing The Fringe. Great meal to kick us off with our friends at Paolozzi.

Another new opening this week at Multrees Walk, Edinburgh’s luxury shopping destination. Welcome to Michael Kors who opened their relocated and extended store this week. Looks fantastic!

Contact Ian Whelan at EYCO or our joint agent Peter Mace if you have any luxury requirements for Edinburgh. A pleasure dealing with Michela Bortignon on this transaction.

An eagerly awaited visit to Stockbridge this morning to see the new M&S Food open! There was a buzz in the air and it doesn’t disappoint with an impressive and high-quality shop-fit.

Congratulations to our client The Explorer Group on a fantastic store – which we acquired on their behalf.

Big thanks to Hamish Rankin (currently on holiday sunning himself!) and their solicitor Jennifer Laurie for their perseverance to push it over the line, together with the wider project team including Nicky Chow and Craig Eadie.

Thanks also to Andy Bain who acted on behalf of the landlord.

We remain on the hunt for new stores in Scottish cities. If you have any opportunities which you think may be of interest please get in touch with Callum Keane at EYCO on 07714 569 190 or email ckeane@eyco.co.uk.

Thank you to The Renaissance Club for putting on a brilliant golf tournament and thank you to all clients of EYCO that attended and made it an excellent day out!

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.

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! ?

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.

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.

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

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!

????? ????????, ???? ??????? ???? ???

• Prime location in the “Outdoor Capital of the UK” Fort William, a popular tourist location in the West Highlands of Scotland
• ????? ?????? ???? ?????? secured against the undoubted financial covenant of ????? ?????? ??????? until ??/??/????
• 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 £??,??? ??? ????? with the next ??? ?????? ???? ?????? due 23/01/2028
• Offers over £?,???,??? reflecting a ??? ??????? ????? of ?.??%, assuming standard purchaser’s costs

For further information, contact Gregor Martin or Ali Rowe.

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.

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.

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.

? 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.”

Another productive day for the EYCO team meeting clients and agents at CR Marketplace. We even managed to squeeze in some afternoon drinks in the sunshine!☀️

For any further information please get in touch with the team:

Ian Whelan
Ali Rowe
Alexandra Campbell
Simon Bashford
Eric Lindgren
Kevin Hughes
Callum Keane
Robert Farmer
Craig Wilson
Louise McKenna

Acting on behalf of a private client EYCO let 124 Morningside Road, Edinburgh to Earls Burger Co. This follows up their original and popular Stockbridge location. I recommend a visit for your Earls fix.

The team have been very active in the Morningside/Bruntsfield area so get in touch to discuss any requirements. More good deal news to follow soon…

The EYCO team will be at Stand 55 at CR Marketplace – please get in touch if you’d like to discuss any of our shopping centre, retail park or leisure instructions.

Ian Whelan
Robert Farmer
Craig Wilson
Eric Lindgren
Kevin Hughes
Ali Rowe
Simon Bashford
Alexandra Campbell
Louise McKenna
Callum Keane

Our new brochure and video for Realty Income Corporation owned Kingsway West Retail Park, Dundee has now landed. One of Scotland’s premier destinations for furniture and homeware shopping. Opportunities are available for 10,000 – 12,000 sq ft units with bulky goods consent.

Speak to George Haworth from Curson Sowerby Partners LLP or Ian Whelan at EYCO if you’d like further information.

EYCO will be at Stand 55 on the 30th April and we hope to meet up with as many of you as possible – contact any of the team to arrange a meeting.

Ian Whelan
Robert Farmer
Craig Wilson
Eric Lindgren
Kevin Hughes
Ali Rowe
Simon Bashford
Alexandra Campbell
Louise McKenna
Callum Keane

Great to see the Gucci branding appearing at Multrees Walk, Edinburgh this week. Alongside the expanded Louis Vuitton store, the extended Burberry lease and new stores for Mulberry England, TAG Heuer and Michael Kors, Gucci will further cement Multrees Walk’s position as the premier luxury shopping location outside London.

Contact Ian Whelan or joint agent Peter Mace (Cushman & Wakefield) for information on other luxury retail opportunities on the Street.

Celebrating EYCO’s inspiring female colleagues and clients, on International Women’s Day and everyday!

Alexandra Campbell, Audrey Gebbie, Amy Matteo, Louise McKenna, Debbie O’Connor, Lucy Robinson and Sophie Whelan

EYCO were pleased to sponsor and support The Meadows Marathon in Edinburgh on Sunday 3rd March.

Providing races from 5K to full Marathon, this event has been raising money for worthwhile causes since its inception in 2007.

Congrats to team members Ali Rowe and Callum Keane, who laced up their shoes to run the half-marathon ?‍♂️?.

Great turn out last week at the Stamp Office launch where we have 7,200 sq ft to let on the 7th floor, available now, and another 6,900 sq ft available soon which we may split and provide suites from 3,300 sq ft.

The refurbished common areas together with new facilities including the peloton bike studio, showers and bike racks have transformed this building.

For further information contact the joint letting agents: Neil McConnachie or Neil Gordon at EYCO, or Simon Capaldi, Toby Withall or Erin Beaton at Knight Frank.

We recently advised a Private Landlord in the successful off-market sale of 6 Lands Lane & 27 Albion Street, Leeds.

The property occupies a prominent corner location in the centre of Leeds and provided our client with a strong income return over the years of ownership. We have no doubt the asset will continue to be a solid investment for the new owners who were adeptly advised by Joe Baio and Ian Webster at Forge.

For more information on the transaction, or for assistance on any of your investment requirements, contact Patrick Over, Duart Keith or Gregor Martin.

EYCO have completed the acquisition of 107-109 High Street, Bromley on behalf of a Private Investor.

Clarks recently renewed at a substantially rebased rent having been in occupation for 40 years. The property offers a solid income return in a strong retailing location. The double fronted unit offers long term alternative use in the future.

Thank you Ben Tyack at TW Keil who acted on behalf of vendor.

For further information on this transaction, or to discuss similar investment requirements, contact Patrick Over.

Tesco is looking for opportunities to grow its convenience store offer and is inviting landlords, land owners and developers with potential sites to get in touch with Eric Lindgren at EYCO or Nick Farrell.

·   Leasehold / freehold sites across Scotland·   3,000 sq ft to 10,000 sq ft gross
·   Existing units and development sites considered
·   Neighbourhood and new housing areas
·   High street / prime pitches with strong adjacencies / footfall
·   High visibility sites
·   Local centres with good high affluent catchments, transport hubs & student locations
·   Parking preferred but not essential

197 High Street: Perth

New lease available on this prominent corner unit arranged over ground and basement floor.

View the details here

For more information contact Alexandra Campbell and Ruari Hobkirk at EYCO

On behalf of our clients at Sovereign Centros, EYCO are delighted to provide details of first class retail opportunities in the Argyle Mall of St Enoch.

See the brochure here

Argyle Mall is situated parallel to Argyle Street, which is one of Glasgow’s key retail hubs. The mall provides a range of affordable retail units from 1,292 sq ft to 4,876 sq ft in an area of strong footfall, surrounded by attractive occupiers.

This is a great opportunity to secure a retail premise in a prime city centre location within a vibrant scheme. St Enoch signed 15 new tenants in 2023, including retailers Next, Pandora, Lovisa and Klass, as well as new F&B signings including Wagamama, YaYas and Glasgow’s first Wing Stop.

Should you require further information or would like to organise a viewing, please contact Ian Whelan, Ali Rowe, Ruari Hobkirk or our joint agents at Savills: Stuart Moncur, John Menzies and Michelle McLaughlin.

We are delighted to release our latest Leisure Highlights publication giving details on the various deals and transactions we have recently been involved in.

See a copy here: Leisure Highlights e-brochure

For further information please contact Eric Lindgren or Simon Bashford

Over 10,000 sq ft of fully-fitted, modern open-plan office space on Level 3 at Quartermile One, Edinburgh is available to let from June. Preliminary details are available here or contact Neil Gordon or Neil McConnachie for more info.