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