Remake Live consolidates his British portfolio with a second strategic acquisition in Glasgow
In a British real estate context in full evolution, the management company Remake announces a new significant operation for its SCPI Remake Live. The acquisition of the emblematic Nike store in Glasgow is part of an investment strategy targeting premium commercial assets in markets in the adjustment phase.
A first -rate commercial location in the heart of Glasgow
An asset located on one of the most dynamic commercial arteries in the United Kingdom
The acquisition concerns a historic building dating from 1889, located at 20-26 Buchanan Street in Glasgow. This prestigious address is none other than the second most dynamic shopping street in the United Kingdom, just after Oxford Street in London. This strategic positioning offers exceptional visibility and constant pedestrian flow, two determining factors for the valuation of a commercial asset.
The location also benefits from excellent accessibility, located just five minutes walk from the Glasgow Central station, the main transport hub of the city. This proximity strengthens the attractiveness of the site for both brands and consumers.
Distinctive architecture and optimized surfaces
The building is distinguished by its historic size in size stone, characteristic of Victorian architecture which makes the charm of downtown Glasgow. The building offers a total commercial area of 2,549 m² divided from the basement on the second floor, allowing the tenant to deploy a complete customer experience.
Nike as a reference tenant with a long -term commitment
A flagship store entirely modernized in 2024
The asset has been fully occupied by Nike since 2010, which has made it its flagship store for Scotland. The sports brand recently demonstrated its attachment to this location by carrying out a complete reconfiguration of the premises in 2024. This renovation aimed to optimize the customer experience and the operational efficiency of the point of sale.
A secure lease until 2034
Following this improvement work, Nike extended his lease until 2034, thus offering to remake live rental over the next ten years. This securing rental income constitutes a major asset in stabilizing yields for SCPI investors.
An acquisition to solid financial fundamental
Attractive financial conditions
The amount of the acquisition amounts to 15.3 million euros with a net return to the acquisition of 6.9% (rights included). This immediate rate of return is positioned favorably in the current context of European commercial real estate markets and reflects the opportunistic approach to remake.
An investment strategy adapted to current market conditions
According to Julien Lamy, director of investments in remake, this acquisition is perfectly written in the approach of the management company which “targets assets well positioned in established markets but in the correction phase”. This vision would make it possible to seize opportunities in premium locations while benefiting from adjusted acquisition prices.
A commercial area which retains its attractiveness despite the challenges of the retail
A district popular by international brands
Buchanan Street continues to attract leading international brands such as Apple, Zara, House of Fraser, Omega or Boss, confirming its essential shopping position in Scotland. The maintenance of Nike after a recent restructuring testifies to the resilience of this location despite the challenges of the physical trade sector.
A bet on the long -term value of “premium” locations
This second acquisition in Glasgow for remake Live underlines the confidence of the management company in the long -term value of first -rate commercial locations, even in a context where online trade continues to grow. The approach is to select assets whose rental fundamentals remain solid independently of economic cycles.
Important reminder for investors: an investment in SCPI shares constitutes a long -term investment which includes risks, in particular capital loss, liquidity and those linked to French and foreign real estate markets.
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