'Vibrant hub' vision for Hamilton town centre with lease of 50 retail units
The new owner of Hamilton's Regent Shopping Centre is to lease out 50 retail units with the aim of creating a "vibrant hub" for the region.
Property development and asset management group Evergold has instructed Shepherd Chartered Surveyors to bring the units to market after acquiring the centre for an undisclosed sum last month.
Occupying a dominant position in Hamilton town centre, the Regent's positioning and scale means that it makes up a significant proportion of the town centre core.
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The six-acre gateway site has been identified as key to South Lanarkshire Council's masterplan vision for the regeneration of Hamilton town centre to create a vibrant, accessible, and resilient town centre with a focus on living, leisure, healthcare and workspace as well as incorporating a significantly reduced retail element.
Radical plans include reducing the town centre's vacant retail spaces by more than two-thirds, building houses and creating new leisure uses including an urban park.
The sweeping changes would include knocking down both the Regent and New Cross shopping centres, repurposing or demolishing Bairds and the former Marks & Spencer, and creating a hotel or student accommodation on the site of Duke Street car park.
As reported by Lanarkshire Live, Evergold has had a series of "detailed discussions" with South Lanarkshire Council on the future of the town centre site which is part of a local authority masterplan to construct 450 new homes.
Tahir Ali, of Evergold, said: 'Our plans for the Centre are aligned closely with the Council's aim to have a diverse and sustainable mixed use town centre that not only serves its immediate catchment but also becomes a vibrant hub for the wider region.'
In addition to acting as sole letting agent, Shepherd Chartered Surveyors will assume an asset management role together with a property management role.
Calvin Molinari at Shepherd Chartered Surveyors said: 'This instruction follows our recent merger with Whyte & Barrie Chartered Surveyors to form a practice unrivalled in its delivery network of surveying services throughout Lanarkshire.
'Our extensive expertise and experience within the Lanarkshire market make us best placed to deliver effective asset management and property management roles alongside actively marketing the available retail units at this gateway site to a range of prospective tenants.'
The 50 retail units, varying in size from 300 sq ft – 50,000 sq ft, are available on flexible lease terms. Interested parties should contact the sole letting agent on tel 0141 331 2807.
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