Greenridge Investment Management has acquired the Bridgewater Shopping Centre near Glasgow from Broadlands for 拢21m (鈧�24.9m) in a deal marking the first time the UK retail park has traded since its development in the mid-1980s.
The acquisition was made on behalf of the Greenridge Opportunity Fund with advisory support from Knight Frank.
Located in Erskine, the 12.4-acre site comprises 93,274sqft of retail accommodation across four standalone buildings.
Alex Walker, partner at Greenridge Investment Management, said: 鈥淏ridgewater is a well-let, convenience-led centre anchored by two major food stores in Morrisons and Aldi. It serves the day-to-day needs of Erskine and the surrounding communities, and that kind of regular, needs-based trade supports secure income over the long term.
鈥淭he acquisition fits Greenridge Opportunity Fund鈥檚 strategy of buying well-located assets with sound fundamentals at an attractive entry point. We see clear scope to add value through active asset management, and we look forward to working closely with the centre鈥檚 occupiers and Renfrewshire Council over the years ahead.鈥�
John Rae, head of office at Knight Frank Glasgow, said: 鈥淭he acquisition of Bridgewater Shopping Centre represents a well-timed opportunity to invest in a resilient asset. Erskine and the surrounding towns provide a strong catchment area and stable footfall for the shopping centre, which plays a central role in everyday community life for local people. That is exactly the type of property that continues to perform despite headwinds in the wider economy.
鈥淎t the same time, Bridgewater offers solid fundamentals, long-term income potential and clear opportunities for asset management. We expect more deals involving well-located retail properties during the remainder of 2026 and into next year, as the sector continues to offer good value in Scotland.鈥�
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