CB Richard Ellis (Scotland) has acquired Unit 6, Regent Centre, Kirkintilloch on behalf of Poundland.
Now Europe's largest single price discount retailer, Poundland has leased approximately 15,000 sq ft arranged over two floors. The property has been acquired at a rental of £95,000 per annum on a new ten year lease.
Kevin Sims, retail director, CB Richard Ellis (Scotland), said: "This unit will allow Poundland to trade from one of the most prominent shops in Kirkintilloch. A former Woolworths store, this follows on from Poundland's acquisitions of former Woolworths stores elsewhere in Scotland that are trading well."
Earlier this year CBRE also acquired retail units in Glasgow and Inverurie on behalf of Poundland.
Poundland was represented by CB Richard Ellis (Scotland), while Colliers International (Belfast office) and Jones Lang LaSalle (Glasgow office) acted on behalf of the landlord (a private Irish investor).