Investors buy Glasgow shopping centre for €225m

A consortium of investors from the north of Ireland, believed to be led by Paddy McKillen and Padraig Drayne, has agreed to buy the Forge shopping centre next to Parkhead football stadium in Glasgow.

30th September, 2006

A consortium of investors from the north of Ireland, believed to be led by Paddy McKillen and Padraig Drayne, has agreed to buy the Forge shopping centre next to Parkhead football stadium in Glasgow.

The deal has yet to be signed but is worth around €225 million.

The centre will need active asset management but centres like it have proved very popular with other northern investors buying in Britain, who have achieved above-average retail returns...

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