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Redevco ticks off £29m Glasgow Nike buy

Redevco has completed the acquisition of Nike’s flagship store on Buchanan Street, Glasgow from LaSalle Investment Management for £29m, in what is a strong vote of confidence in the Scottish investment market despite recent political announcements, CoStar News can reveal.
By Chris Borland
March 24, 2017 | 6:00 P.M.

Pan-European retail investor Redevco - represented by Lambert Smith Hampton - is understood to have closed the off-market deal at a net initial yield of circa 4.25% for a trophy asset on the most prized retail stretch outside of London.

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