Glasgow’s Princes Square fully let following repositioning
Princes Square by M in Glasgow is now fully let following a repositioning by scheme owner M Core.
The scheme had 17 empty units at the time of M Core’s acquisition in 2024, but is now 100% occupied after a number of deals were closed.
New arrivals include Marcel, a new all-day café concept, which has taken 2,371 sq ft across three units on a ten-year lease and opens in early July.
Also joining the scheme is Le Set, a new independent restaurant, which has taken 4,622 sq ft on a five-year lease, opening from mid-June.
A luxury food and drink masterclass experience has taken 3,450 sq ft on a 15-year lease, opening in August. The 15-year commitment is one of the longer city centre retail leases signed in Glasgow this year.
Meanwhile Jigsaw has taken 1,338 sq ft on a five-year lease, opening later this year, adding to the centre’s fashion offer.
These follow a wave of arrivals over the past 12 months at Eldon Square, including & Other Stories, Anthropologie, All Saints, The Whisky Shop, Begg & Co, Cuvee, Delphine, and The Club House. M Core said that these additions have moved Princes Square’s offer from a fragmented mid-market arcade to a curated mix of premium fashion, considered lifestyle, and elevated food and drink.
Alex Williams, asset manager for Princes Square by M and Head of Scotland at LCP UK, part of M Core, said: “Princes Square is one of Glasgow’s most loved buildings, and that came with a responsibility. The brief was never just to fill units. It was to give the building back its identity, bring in operators who understand what makes the place special, and make it somewhere Glaswegians feel proud of again. Through proactive asset management, investment in the physical space and understanding our Glasgow audience, we’ve created a premium experience that is attracting new visitors and tenants.”
Rakesh Joshi, director at LCP UK, part of M Core, added: “From double-digit voids to full occupancy in under two years, this is exactly the kind of turnaround we’re known for. We’ve changed how Princes Square looks, how it trades, and how it’s perceived. A 15-year lease on a city centre unit in 2026 tells you what operators think of where this scheme is heading.”