Japanese fashion house Uniqlo has signed a deal to open its second store in Scotland by taking circa 22,500 square foot at Glasgow's St Enoch Centre, CoStar News understands.
The company, which opened its first store on Edinburgh’s Princes Street last month, has agreed a 10-year term on the ground floor at the St Enoch Centre, which comprises 830,000 square feet of retail and leisure in total.
St Enoch Centre is asset-managed by Sovereign Centros on behalf of a banking consortium and is anchored by the like of Boots, Hamley's and HMV.
The deal means that Uniqlo now has close to 50,000 square feet of retail accommodation across Scotland, with its store at 64 Princes Street comprising circa 25,000 square feet.
That store was formerly the British Home Stores unit, with the brand saying the opening was part of its promise to "regenerate the capital’s shopping scene". Alessandro Dudech, Uniqlo's chief operating officer in the UK, also said it represented the "beginning of our journey in Scotland".
Boots renewed its 26,740-square-foot lease at the St Enoch Centre for just over five years in 2023, while Sovereign Centros also signed four restaurant operators to a combined circa 11,000 square feet.
They were American chicken wings eatery Wingstop, noodle chain Wagamama, German doner kebab and chicken restaurant YaYas, and Salt and Pepper, which specialises in Asian cuisine.
Grant Lonsdale, CoStar’s senior director of analytics in Glasgow, said: "This latest commitment shows Glasgow remains very much on the radar for international clothing retailers attracted by the city’s sizeable catchment area and fashion-conscious population.
"And it is also another major boost for Argyle Street and St. Enoch, which form key parts of the city’s plan to regenerate its famous Golden Z."
Sovereign Centros was bought by CBRE last November, in a deal that beefed up the global real estate agency's retail asset management and development management powers. It had nearly 14 million square feet under management at the time of the deal, including the St Enoch Centre.
Savills, which acted for the landlord, and Uniqlo did not comment. CBRE was contacted for comment.