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HollowHorn · Posted: Thu Aug 14, 2008 11:30 pm Post subject:

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james73 · Posted: Fri Sep 12, 2008 1:22 pm Post subject:

£4m for historic building (Evening Times)

A DEVELOPER has snapped up a historic building in the heart of Paisley in a
multi-million pound deal.

Manchester-based Jaymar Estates has bought the five-storey Grade B-listed
property in Causeyside Street for £4.3million.

Tenants have been told existing leases will continue.

The principal occupier is job creation agency Scottish Enterprise which
rents 25,000sq ft of offices on the upper floors and one of four ground
level retail units.

David Johnstone of commercial property consultants King Sturge
represented the buyers.

He said: "Our clients were attracted to this investment opportunity as it
provides good quality income secured against strong covenants.

"The building itself provides good quality office accommodation within
Paisley town centre and, significantly for a town centre building, has an
excellent car parking provision."

News of the sale comes a week after the Evening Times ran a six-part
series on how the Renfrewshire town is turning around its fortunes with
multi-million regeneration plans.

We highlighted some of the most exciting projects in the town - such as St
Mirren's new football ground and the regeneration of the town centre.

James H
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Happiness ain't at the end of the road - Happiness *IS* the road...

james73 · Posted: Wed Oct 08, 2008 4:03 pm Post subject:

Tesco kills Love Street store plan (Evening Times)

THE Love Street home of St Mirren is set to be sold for housing after Tesco
ditched plans to build a superstore on the site.

And the supermarket giant has confirmed the stadium will be sold to
developers if it secures permission to build a store in Renfrew Road in
Paisley.

The proposal would see a Tesco Extra built on industrial land off Wallneuk
Road.

The Buddies will sever their 114-year tie with the park in January and
move to a new stadium at Greenhill Road, as part of a £15m deal with
Tesco.

But it has shelved plans to develop Love Street and will apply for outline
planning permission for housing on the historic ground early next year.

Jennifer Duncan, Tesco corporate affairs manager, said: "Renfrew Road is
the preferred location in Paisley. The site is closer to the centre and would
help regenerate the town.

"We will be submitting two planning applications, one for the proposed
new store, and one for housing at Love Street."

Ironically, Saints had to fight to get planning permission for a
supermarket at Love Street.

The cash generated by selling the site directly for housing, thought to be
around £5million, would not have been enough to clear the club's debts
and fund the new stadium.

A series of public exhibitions about the Renfrew Road store, which could
create 600 jobs, will start tonight. Tesco officials will be on hand to answer
questions from the public at The Wynd Centre, in the town's School Wynd,
between 6pm and 9pm today, and 10am to 6pm, on Thursday and Friday.

Unless they draw a home tie in the Scottish Cup, Love Street will shut for
the final time after the SPL clash with Motherwell on January 3. Barr
Construction is entering the final phase of building work on a stadium in
Ferguslie.

It should host its first match when Kilmarnock arrive on January 31.

James H
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Happiness ain't at the end of the road - Happiness *IS* the road...