November 27, 2024H BEAUTY SIGNS AT SILVERBURN
Silverburn becomes the sixth location for the Harrods-owned brand as it continues its nationwide expansion
6th November 2024 - Henderson Park, the international private equity real estate firm, and Eurofund Group, the leading pan-European real estate investment and development company, have secured H beauty as the latest brand to join Silverburn in Glasgow.
The Harrods-owned brand has taken 22,500 sq ft at the scheme. The flagship store is part of the former Debenhams unit, which has now been re-let following a significant repurposing exercise, which has been central to the joint venture’s proactive asset management strategy.
The new store at Silverburn represents the brand’s sixth H beauty store and will offer a range of make-up, skincare and fragrance from a host of exciting brands – from legacy names to pioneering, next generation newcomers
This latest signing follows other recent announcements at Silverburn, including the addition of retail brands The White Company, TAG Heuer, All Saints, Polestar and Rituals and the expansion of Zara. Other new tenants at the centre, King Pins, Bread Meets Bread and The Real Greek, have further bolstered the already impressive food and beverage and leisure offer, solidifying Silverburn’s status as an integrated premium retail destination.
Christophe Kuhbier, Head of Investments, Europe, at Henderson Park commented: “Best-in-class shopping centres like Silverburn have thrived in recent years with improved footfall and increased consumer spending fuelling renewed confidence from retailers. We are seeing strong appetite for space from a broad range of occupiers as we continue to increase occupancy levels and perfect the asset’s high quality tenant mix. This latest letting is a continuation of our business plan to create value and deliver rental growth while firmly securing Silverburn’s position as Glasgow’s premier retail destination.”
Alberto Esguevillas, CEO UK Retail, Eurofund Group added, “H beauty is an ambitious brand and we are pleased that Silverburn has been selected to play a part in its ongoing growth. This is an exciting new retailer to add to the mix and will complement and expand our existing beauty and lifestyle offer.
“This latest letting affirms our ongoing strategy to attract flagship brands to Silverburn and to cement its position as the leading destination in Glasgow. Across its portfolio, Eurofund Group is deploying its capital, expertise and experience to elevate and reposition the leading destinations we invest in”.
During 2023, Silverburn in delivered significant growth in sales and customer visits, welcoming over 15 million visitors and boasting double-digit sales growth. Over two years of joint venture ownership Henderson Park and Eurofund Group have agreed over 56 deals, significantly enhancing Silverburn's status as a prime destination.
Henderson Park and Eurofund Group were represented by Culverwell and Time Retail Partners .
