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L&G forward funds Valad’s £18.5m Stirling retail park

Legal & General Property is forward funding the construction of a pre-let retail park in Stirling, with the development undertaken by Stirling Development Agency in joint venture with Valad Europe.
By James Wallace
June 8, 2012 | 4:57 P.M.

Stirling Council and Legal & General have secured Waitrose as the 58,900 sq ft Burghmuir Retail Park’s anchor tenant on a 25-year lease. Waitrose is taking 37,300 sq ft of space while discount retailer TK Maxx has taken the second of three units on a 10-year lease. The final unit is being marketed.

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