Braehead shopping centre set for £150m extension

28 Feb 2011

Capital Shopping Centres has confirmed plans for a £150 million extension to their successful shopping venue at Braehead.

Capital Shopping Centres, Britain's biggest mall owner, have announced plans to build a £150 million extension at Braehead in Glasgow.

Presenting its annual results yesterday, Capital, which last month added Manchester's Trafford Centre to its portfolio, said it would spend about £600m on extending existing centres as it seeks to grow, while avoiding the risk of opening a new destination.

It owns land next to Braehead and revealed plans in October for a £140m-£150m upgrade. Capital yesterday said it will seek planning permission next year for a 525,000sq ft extension.

Capital's results come after rival Hammerson, which owns malls including Silverburn in Glasgow and Aberdeen's Union Square, also reported rising rents and occupancy levels this week.

Source: The Scotsman - Braehead set for £150m extension