Land Securities reports solid performance

Retailers at one of Scotland’s newest shopping developments have reported trading “significantly above target” in a further sign of a revival on the high street.

Picture: Getty

Property giant Land Securities said many shops in Glasgow’s Buchanan Quarter had enjoyed brisk trade since the complex was opened in March.

The firm also highlighted a “flurry” of lettings at the adjacent Buchanan Galleries – a joint venture with Henderson Global Investors – including the arrival of Danish toy brand Lego, pictured above.

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At Livingston’s The Centre a “number of new lettings” are said to be in the pipeline, with details to be announced “in the near future”.

The update on progress north of the Border came as LandSec pointed to “very high levels of occupancy in our centres” despite what chief executive Robert Noel described as a “challenging” market.

Industry figures this week showed Scottish total sales rose by 2.8 per cent, year- on-year, in June, almost matching the rise for the UK as a whole.