Business retention at Hillington Park remains high

In addition to its position between Glasgow and Renfrewshire and its proximity to the motorway network, Glasgow International Airport and two railway stations, the site’s wide range of amenities and the proactive, on-site management team is also a significant factor for companies choosing to base themselves, and remain, on Scotland’s largest business estate.

In the year ending September 2024, an impressive figure of 78.7% of the £2.1m income at risk from the 63 leases with expiries and breaks was retained. The losses were largely due to business insolvencies, branch closures, or downsizing decisions. Only one occupier was lost to a competitor  but they needed to expand into much larger office space which couldn’t be accommodated.

Grant Edmondson, Commercial Director at Hillington Park said: “Our trend analysis over the last six years illustrates that retention levels remain consistently high with a rolling average of 77% so last year was consistent with that.  It underlines Hillington Park’s strengths as a real estate investment with long-term and diverse income streams.

“We know businesses value Hillington Park’s central location, transport connections and amenities and not least the business community that has been generated. These statistics however also underline the proactive approach of the on site management team who know our customers and strive to achieve mutually beneficial leasing outcomes. It also helps to have a substantial portfolio of industrial units of different size and specification where usually we have options to enable business to expand and relocate.”