Frasers Property UK (“Frasers Property”) announced today it has signed a 15-year lease with Starbucks on a new, purpose-built ‘drive thru and drive up’ coffee and food outlet at Hillington Park, Scotland’s largest business estate.
The £1.4 million development demonstrates Frasers Property’s intent to build up tenant amenities at Hillington Park since it acquired the majority ownership of the 419-acre Business Park in September 2017.
Work on the new 1,800-square-feet scheme, located close to the Park’s main entrance at Junction 26 on the busy M8 motorway will begin on 14 November 2019 with the development due to for completion in May 2020. The scheme will be located next to the car dealerships cluster including Taggarts Volvo and Jaguar, Arnold Clark Renault and Dacia and the forthcoming Harry Fairburn BMW and MINI and will have parking for up to 31 vehicles.
The contract to build the new scheme has been awarded to local commercial and industrial construction company Bell Building Projects.
Grant Edmondson, Commercial Director for Hillington Park said: “We are delighted to have secured Starbucks for Hillington Park. The development will not only add to the range of food and drink options for our customers, but also will offer another space for the community to connect. We are working on a number of refurbishment and new-build projects which are likely to come forward in 2020 as part of Frasers Property’s strategy to deliver more bespoke buildings for occupiers and speculative industrial units to meet market demand.”
Hillington Park is located just two minutes from the M8 motorway, seven miles west of Glasgow’s city centre and just three miles from Glasgow International Airport. Regular bus services operate on the Park and two mainline train stations link directly into Glasgow.
Hillington Park was purchased by Frasers Property, which owns a £1 billion portfolio of business parks in the United Kingdom, 18 months ago. Hillington Park is currently home to over 500 businesses employing around 8,000 people across multiple sectors including manufacturing, engineering, construction and building products, automotive, transport and e-commerce, technology and health.