M Core cuts voids at Glasgow’s Princes Square from 17 to one in under a year

Voids at Princes Square in Glasgow have fallen from 17 to one in under a year following its acquisition by property collective M Core.

M Core said this progress reflects a wider repositioning strategy focused on attracting design-led, values-driven brands and restoring the centre’s status as a distinctive retail and dining destination in the heart of the city.

Since acquiring the scheme last year, M Core has introduced a new leasing strategy centred on premium fashion, contemporary dining, independent operators, and all-day experiences.

The most recent opening is Anthropologie, which has launched a 4,465 sq ft store, while Princes Square has also welcomed wine bar Cuvée, which has opened its fourth venue in Units 6–9.

In the summer, The Delphine opened in Units 1–2, taking 3,051 sq ft on a 21-year lease and adding to the centre’s dining community. This was followed by the launch of all-day dining concept Café 1780 in Unit C, which took at 15-year lease.

The latest signing at Princes Square is ethical fashion brand Omnes, which has taken 4,622 sq ft at Unit 54. Savills acted for the landlord and the tenant in this deal.

Alex Williams, head of Scotland at LCP UK, part of M Core, said: “Princes Square continues to attract ambitious, design-conscious and values-led brands, and the arrival of retailers such as Omnes reinforces that momentum. Ethical fashion aligns perfectly with the direction in which the scheme is evolving. With only one void left, we are entering the new year with exceptional occupancy, strong footfall and a renewed sense of energy across the estate.”

Rakesh Joshi, director at LCP UK, added: “When we acquired Princes Square last year, we saw the untapped potential of a unique, design-led destination in the heart of Glasgow. To move from 17 voids to a single remaining unit in such a short time reflects the strength of the market’s response and the hard work of everyone involved. Our focus has always been on curating a compelling mix of brands that elevates the visitor experience, and this latest wave of lettings demonstrates real confidence in the future of the scheme.”