Praxis Acquires Glasgow's St Enoch Centre in Major Retail Move
Deal News | May 19, 2025 | Dentons
Praxis has successfully acquired the St Enoch Shopping Centre in Glasgow, marking its first major retail investment in eight years, highlighting increased investor confidence in strategic city center assets. The 12-acre site, located at a prime intersection in Glasgow, offers over 830,000 sq ft of retail and leisure space. The acquisition was facilitated by Dentons, the world’s largest law firm, providing comprehensive legal support covering real estate, corporate, tax, funding, and planning aspects. This acquisition follows a significant £55 million extension program, welcoming prominent stores including Japanese retailer Uniqlo among others.
Sectors
- Real Estate
- Retail
- Legal Services
Geography
- United Kingdom – The acquisition involves a retail property located in Glasgow, Scotland, part of the UK.
- Scotland – The St Enoch Shopping Centre, the focal point of the article, is situated in Glasgow, a major city in Scotland.
Industry
- Real Estate – The article pertains to the acquisition of a large retail and leisure property, highlighting activities within the real estate sector.
- Retail – The St Enoch Shopping Centre involves various retail brands and represents a significant investment in the retail sector.
- Legal Services – Dentons, as advisors in the transaction, provide legal services across multiple disciplines, indicating the relevance of the legal industry.
Financials
- £55 million – The amount invested in the extension program for the St Enoch Shopping Centre.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Praxis | Buyer | Company | A leading UK real estate investor and manager acquiring the St Enoch Shopping Centre. |
| Dentons | Legal Advisor | Company | The world's largest law firm advising Praxis on multiple aspects related to the acquisition. |
| Brian Hutcheson | Real Estate Partner | Person | Led the Dentons team advising Praxis on the acquisition. |
| Adam Knowles | Partner | Person | Part of the Dentons team assisting with the acquisition. |
| Claire Armstrong | Partner | Person | Part of the Dentons team assisting with the acquisition. |
| Lauren Fowler | Senior Associate | Person | Part of the Dentons team assisting with the acquisition. |
| Liam McCabe | Senior Associate | Person | Part of the Dentons team assisting with the acquisition. |
| Diana Mennie | Senior Associate | Person | Part of the Dentons team assisting with the acquisition. |
| Sam Smart | Associate | Person | Part of the Dentons team assisting with the acquisition. |
| Mark Macaulay | Partner | Person | Part of the Dentons team assisting with the acquisition. |
| Emma Aitken | Associate | Person | Part of the Dentons team assisting with the acquisition. |
| Lorna Henderson | Partner | Person | Part of the Dentons team assisting with the acquisition. |
| Haleemah Ahmed | Associate | Person | Part of the Dentons team assisting with the acquisition. |
| Joe Macfarlane | Associate | Person | Part of the Dentons team assisting with the acquisition. |