In one of Scotland’s first retail warehouse investment transactions of 2026, the Galbraith Investment Team have advised Rankeilour Properties on the successful sale of Seafield Retail Park, Seafield, Edinburgh, for a price of £5,724,500. The purchaser was Crown Estate Scotland.
The park, comprising five units, extends to a gross internal area of 24,815 sq ft and also benefits from EV charging. The strong tenant line-up includes Halfords, Connection Flooring, McGuirks Golf, Greggs and Subway with FOR:EV operating the EV charging.
100% occupied, Seafield Retail Park produces a total annual rental income of £428,630.
Rankeilour Properties acquired the property in late 2020 and have implemented an active asset management strategy since then, including the subdivision of Unit 3, now let to Greggs & Subway and bringing EV charging to the park. In addition, Unit 2a previously let to Archers Sleepcentre is now occupied by McGuirks Golf’s first mainland UK store.
Galbraith acted for the vendor, Rankeilour Properties, with legal advice from Shepherd & Wedderburn. Agents CBRE represented the buyer, Crown Estate Scotland.
Jamie Thain, Investment Partner at Galbraith commented:
“We are delighted to have completed this sale on behalf of our client Rankeilour Properties, having advised on the acquisition in 2020. They have executed their business plan for this prominent park over the last five years and the sale underlines the strength of the sector and also Edinburgh as a location for investment.
“Throughout the country, the retail warehouse sector continues to see strong levels of tenant demand and rental growth, which in turn underpins pricing. Retail parks and out‑of‑town terraces remain among the strongest‑performing retail sub‑sectors. Vacancy rates continue to tighten and rental growth is being achieved in most well‑located schemes. This is largely being driven by consumer preference for easily accessible locations with free parking, value‑led operators, and efficient store formats.”
Jack Chandler of CBRE commented:
“Seafield Retail Park lies within a strategic location of future investment and redevelopment. In addition to this, the retail warehouse sector has continued to demonstrate strong performance in a challenging wider market. The acquisition by Crown Estate Scotland demonstrates their ambition to diversify their portfolio into well positioned, strategic, and resilient real estate.”