Crucible Alba has completed on the sale of their Co-operative Food Store in Gretna to a private family trust in a deal worth £765,000. The development was completed at the end of May 2017 and the sale of the Co-op underpins the attractiveness of the convenience retail sector to the investment market. The remaining unit has been retained by Crucible.
In advance of the new football season, Crucible Alba Group have settled a sporting dispute in the office by sponsoring both Kilmarnock FC and Ayr United FC. New Crucible Alba Group sponsorship boards have been erected at each ground as Chairman Alex Steel is a Kilmarnock fan and Development Director Brian Robinson an Ayr United fan. Fellow director Michael Smart (a Sunderland fan) does not know what all the fuss is about…
Planning consent has been secured for the development of a Costa Coffee Drive-thru unit on a prominent site adjacent to Craigs Roundabout and the Thistles shopping centre. The development shall comprise a standalone coffee drive-thru unit which has been pre-let to Costa Coffee on a new long term lease.
Crucible Alba Group have secured an occupier for their second unit on the recently completed Gretna retail development. No.1 Tanning Lounge have commenced an extensive fit-out of the unit which shall provide a high quality beauty salon offering for the town of Gretna. The unit sits adjacent to the recently opened Co-operative Food store which is trading well since opening its doors to the public this month.
Crucible Alba Group have achieved practical completion on their roadside retail development on Annan Road in Gretna. The majority of the development was pre-let to The Co-operative Food and the development shall provide the main convenience retail offering within Gretna town centre. The Co-op entered into a new 15 year lease at £52,500 per annum.
Acting on behalf of a private individual, Crucible Alba Group’s asset management arm have recently completed a complex asset restructuring and sale which has resulted in a 90% return for the property owner. Crucible advised on the acquisition of a Jewsons unit and then negotiated a significant rental uplift on the unit, acquired the feuhold interest in the site from the local Council, sold off an adjacent plot of land and subsequently sold the remaining investment. The client made a significant profit on the transaction over an 18 month timescale.
Crucible Alba Group’s former site on Willowbank Road in Aberdeen is now being developed by the purchaser of the site. The development shall provide 220 student bedrooms and shall be completed during the course of 2018.
In line with the continued expansion of the business, the new office will enable the business to grow and is well located within the prime business area of Ayr.
The new office address is 2nd Floor, 2 Miller Road, Ayr KA7 2AY.
A prominent road side site, comprising 2.1 acres, at Cartsdyke Avenue, Greenock has been acquired by Crucible Alba Group. Developments plans are currently being prepared.
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Crucible Alba Group are delighted to be presented with a Scottish SME Award for Sprint 100: Fastest growing small business in Scotland.
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