Glasgow's St Enoch Centre Set for 'Substantial' Capital Investment

Glasgow's St Enoch Centre set for 'substantial' capital investment

LONDON-headquartered Praxis has completed the acquisition of the St Enoch Centre and said it intends to make a ‘substantial’ capital investment to further enhance the offering of the Glasgow shopping centre. The 12-acre site comprises over 800,000 sq. ft of retail and leisure accommodation complemented by 900 car parking spaces. The asset was last traded in 2013 and under the previous ownership, the centre benefited from capital investment that…

Praxis Returns to Retail with Landmark Glasgow Shopping Centre Acquisition

Praxis Group has made a significant move back into the retail sector with the acquisition of St Enoch Shopping Centre in Glasgow. The landmark 12-acre scheme, located at the junction of Buchanan Street and Argyle Street, spans more than 800,000 sq ft of retail and leisure space.Anchored by a strong tenant line-up including Tesco, WHSmith, Next, JD Sports, HMV, Boots, and Superdry, the centre also benefits from 900 car parking spaces, making it o…

Sale of Wong to Cencosud: four years of negotiations and a turn in the supermerchandismPoco has spread about the presence of Corporación E. Wong – part of the business conglomerate of the Wong family, which groups around 18 companies – in the microfinance sector, to which it entered 25 years ago.It was in 2000 when the Wong Group acquired the Rural Savings and Credit Fund Prymera, founded in November 1997 in Huaral, with an initial approach in c…