We know that celebrating success in the west of Scotland, where we live, is usually done through gritted teeth! However, we want to break with that tradition and celebrate the amazing success of the brand-for-less lead retailer, HOME BARGAINS. In this current retail market of ‘fight’, ‘flight’ and insolvency, HOME BARGAINS are strongly powering against the prevailing tide; they are continuing to expand and trade beyond expectations. This is great news for all of us - landlords, owners, retail and development agents alike - because they have the resources and desire [...]
The steady (if not to say spectacular!) growth of Home Bargains continues, showing that the public love brands for less. This family owned business recently announcing turnover up to £2.14 billion with retained profits of £202m and NO debt. This financial strength has allowed them to continue expanding their UK store network beyond 500 stores for the first time. Biggart & Co have assisted helping acquire a mixture of freehold stores, development sites and new leases in towns as varied as Milngavie and St Rollox in Glasgow, Johnstone, East Kilbride, Dundee, Montrose, [...]
'AUDACIOUSLY AMBITIOUS – Reshape the Scottish business economy and the world will follow' We think this core value from a new retailer on our high street in Scotland is brilliant. We all love our well-known brand high street retailers - they are our bread and butter and their consistent presence is needed! But now and again we long for more variety across the cities we work in. The new Scottish Design Exchange is a great example of a retailer breaking the mould and shows that, with a little imagination and well-placed strategic [...]
Sarah-Jane and I have been married for 18 years on 11th November and so, after a recent two weeks away with work for SJ, I thought I would surprise her at the airport with the ‘new look‘ me! Keeping it fresh! She took one look at my newly bearded face and asked who my friend was! After some consideration ‘the friend’ is staying (despite the hair on my head not wanting to). Age comes to us all. Knees-Up! Finally a new knee! I have been struggling with osteo-arthritis in my knee [...]
The annual 'Walton International Property Outing' was fished once again up at Loch Walton near Fintry and ended up in a tie between Scotland and England for the very first time. Dan Gazzard (Morgan Williams) has never been prouder of his Dad as he caught the crucial trout with his very last cast (and I managed to do the right thing and net it, rather than knock it off). Gary Robinson, (Next) did try (somewhat desperately) to claim victory by arguing that he’d caught the prettiest fish...
As you know whilst I love my work I do enjoy mixing 'work' with 'pleasure'. Back in early summer, during that fantastic spell of weather, Biggart & Co. took 9 guests to Crieff for a simulated game shoot... basically shooting huge amounts of cartridges at clays that are fired at you from all directions imitating peasants/partridge flying over your head, set amongst the most wonderful countryside. Unlike traditional 'bird' days, shooting your neighbour's clays is not totally frowned on so, as the day wore on, cries of anguish could be [...]
As some of you will know, the Biggart family fell in love with the Isle of Tiree 14 years ago, when we first set foot on the Island for a holiday with our two young kids. Deserted roads, wild flowers, picture perfect sands, world famous surf and more sunshine than practically anywhere in the UK. It’s little wonder that the tiny Hebridean Island is nick-named the ‘Hawaii of the North’. This year Biggart and Co are sponsoring the Tiree Music Festival (TMF) which takes place the weekend of 13 - [...]
Sarah-Jane and I are delighted to be supporting a charismatic young entrepreneur and his fledgling business. Rossie Stone founded Dekko Comics by accident when studying for his own higher exams. He used cartoons to help him revise and got excellent grades. Rossie struggles with dyslexia and this worked brilliantly. He has done a couple of TED talks on the subject: Communicating through Comics - https://www.youtube.com/watch?v=DeQjio9eBho Some years later he re-discovered that this approach of learning worked for many people and started Dekko Comics. He and his passionate young team have [...]
With most lochs still more suitable for curling than fly fishing, it may be some time before I can update you all on my fishing exploits. I am hoping for many! Fortunately, I shoot during the closed season and enjoy the outdoors keeping moving to keep warm! I don't think photos of dead pheasants, partridge, geese and duck would go down that well so instead please let me introduce Elsa, one of our two lovely Labradors. She now has to do most of the retrieving as her mum is [...]
Home Bargains have announced record turnover, record profits AND confirmed an ongoing requirement for new stores that opened up at the rate of one a week last year in the UK. Exceptional growth. Widely recognised as the “class leader” in their sector, Home Bargains are a real joy to have as a client. If they say they are going to do something, they do it and this means everyone in the property market knows where they stand. Biggart & Co is delighted to confirm recent openings (in a [...]
Aviemore Retail Park has been a huge success, especially working through the economic climate and market challenges we have all been navigating this past 18 – 24 months. The development is now “PC’d” and I’m delighted to say it’s 100% pre-let to Home Bargains, Aldi and Tiso. The “pod units” have also been 100% pre-let to Superdrug, Costa and Speyside Distillers. It was hard work, but this development has ended up will a really attractive mix of retailers that will really add to Aviemore's retail offer. Well done LSI. LSI’s [...]
The annual 'Walton International Property Outing' took place on a very wet and dreich day in August. Unfortunately the Irish were unable to take part this year (grouse shooting!) so it was left to the Scots and English to fight it out. Unlike last year, I’m glad to say that everyone caught fish and despite Gary Robinson cheekily wanting the trophy awarded to the team catching the one and only brown trout (pictured) a draw was called at 6 fish per team... the Scots catching their fish with the very [...]
The UK’s largest independent jeweller opened a further two stores in the Glasgow catchment, taking its Scottish number up to 27. In addition to the good news that this brings to both these shopping centres, the Emma Cameron Foundation benefited from a donation of £1,000 per shop, thanks to the generosity of a great client!
An impressive 44,000 sq/ft freehold Home Bargains store opened in Armagh in early August. This is the largest Home Bargains in Northern Ireland and, in addition to the usual store attractions, has a café and in-store bakery. Armagh is Home Bargains 20th store to open in the province, with several more in the pipeline. We will keep you posted.
T.K. Maxx opened their first store in the Borders this summer. The 10,000 sq/ft unit opened in the former Comet unit, at Hunters Bridge Retail Park, Galashiels. Trade has been brisk and consolidates the view that Gala is the Border town of choice for most mainstream retailers. Success is not as easy for many salmon fishermen in the Borders!. As a guest of Luddon’s, on the famous Junction Pool on the Tweed, with near perfect conditions, I failed miserably to even get a sniff of a salmon... BUT I can [...]
As part of the LSI team, Biggart & Co. are also at the sharp end of the retail development market. LSI are developing out over 500,000 sq/ft of retail space throughout Scotland. Circa 70% of this is now either let or under offer, so huge progress is being made, but each deal is hard fought for.
It has been a fairly wet summer in beautiful Scotland! With a few days away to sunnier climes we still managed some deals in between everyone’s holidays. Doing business at this time of year seems to get increasingly challenging – are we all taking more holidays than before?! Our retail clients T.K. Maxx, Home Bargains and Warren James are still busy expanding their portfolios and have no sign of stopping. Retailers focused on 'brands for less' and those who know how to bring value to the high street are still [...]
Joy of joys, late spring/early summer is a great time of the year! Clients and friends made the trip up to Sutherland in Mid-May to fish Loch Cam and Urigill where Ross managed to safely fly a drone above the Loch to capture the fantastic photo above. Great fishing with over 140 fish being caught… back in June for the peak fishing!! Trips back to Sutherland and the River Test are to come before I will have to hang up my rod to undergo a full knee replacement in late [...]
Since the last update, Home Bargains have been quietly expanding their store network. Stirling and Londonderry are now open, with others due to open including Armagh, Aviemore, Craigmillar (Edinburgh), Fort William and St Rollox (Glasgow), with several others over the next few months. These will be a mixture of freehold and leasehold stores, ranging from 15,000 sq ft to 40,000+ sq ft. The photo above shows the new 22,500 sqft Home Bargains in Stirling in all its glory!
London & Scottish Developments are making significant progress with projects covering large parts of Scotland. The first of the portfolio of former Tesco sites is now on site in Aviemore (see photo above). Aviemore Retail Park will provide over 50,000 sq ft of new retail space and bar 1,000 sq ft is now either pre-let (Home Bargains and Aldi) or in legals. Muir Constructions are now on site, with handover to the new tenants anticipated in October this year. Planning is anticipated shortly on Paisley, Cowdenbeath, Cupar and Crieff, with [...]