74-80 High Street, Dundee

Client: Dawn Developments

Value: £22m.

Springford acted in acquiring this former department store by buying out both the owner, Legal & General, and the tenant, House of Fraser, in a package deal including another similarly held store in Aberdeen. The latter was sold on separately prior to redevelopment.

We also advised on the redevelopment, jointly letting the seven newly created retail units to the likes of Zara, H&M, Republic and Slaters Menswear and then subsequently selling the completed investment.

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