Belgate Estates Limited
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Belgate Estates Limited is a property investment and development company currently operating in the UK from our office in Glasgow.
Our main business is based around retail and shopping centre asset management and development together with additional office, industrial and strategic land projects.
The company has developed a substantial asset base through their astute selection of property investment and development opportunities, which continue to produce enhanced values by the application of careful development strategies.
We currently have a property investment portfolio of around £150M and a development programme ongoing with an end value of around £200M.
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About us
Meet our senior staff
Stuart Wilson – Managing Director
Stuart is a qualified Chartered Surveyor and established Baronsgate Estates in 2001. He formerly worked in private practice as a property consultant for Chesterton, Eric Young & Co and Hamilton Glen.
Stephen Mooney – Financial Controller
After qualifying as a Chartered Accountant in 1990, Stephen worked for a further 3 years in practice before moving into industry. For the last 15 years he has worked as the Financial Controller/Director of a number of mainly owner managed, entrepreneurial led, businesses in the leisure and property sectors. 
His main responsibility is to manage all aspects of the Group’s finance function.
Stephen Hill -– Head of Property Management
Stephen has nearly 20 years experience in commercial property and has held senior property management positions as a Director at BTWShiells and CBRE. He has managed a variety of property types across the UK and has a particular specialism in the management, set up and running of shopping centres.
His previous roles have included being responsible for the strategic asset management of the entire occupational and let portfolio of RBS in Scotland.
Ray Taylor -

Margaret Neilson - Property Administrator
Margaret previously worked for Progress Property Company Ltd and joined Baronsgate Estates in 2011. Margaret is the Property Administrator and assists our management department.
Lisa Wilson - Finance Manager
Lisa joined the Group in April 2012. Having had 11 years accounts experience in the motor trade, she moved into the property sector 5 years ago. Lisa is the Finance Manager, covering various tasks within the accounts department.
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Portfolio
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Rossmark Hotel Group
Marks Hotel, Glasgow
Our sister company Rossmark Hotel Group bought this 104 bedroom Glasgow City Centre hotel in September 2006 and launched our new boutique concept called Marks Hotel in early Summer 2007.
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Shopping Centre and Retail Projects
Cumbernauld Shopping Centre, Cumbernauld
This Shopping Centre was purchased in June 2013 in a joint venture with Hamilton Capital Partners. The Centre comprises 270,000 sq ft of retail, office and leisure space with around 75 tenancies. We are currently exploring a number of asset management initiatives.
Braes Shopping Centre, Castlemilk
This shopping centre was purchased in December 2005 and comprises around 110,000 sq.ft. of floor space and 54 retail units. The main anchor tenants are Somerfield, Iceland, Ethel Austin, Greggs and Semi-Chem. This asset is owned in a joint venture with AWG Properties
Glendoe Retail Park, Inverness
This Retail Park was purchased in December 2005 and forms part of the Telford Retail Complex in Inverness. The Park extends to 40,000 sq.ft. and is anchored by MFI and Carpetright.
After a successful asset management programme this property was sold in 2006.
Castle Shopping Centre, Antrim
This shopping centre was purchased in October 2003 and comprises around 92,000 sq.ft. of retail space and 50 retail units. The main anchor tenants are Dunnes, Easons, Boots, New Look and Poundstretcher. After a successful asset management and development programme, the Centre was sold in May 2005.
Longstone Centre, Edinburgh
This neighbourhood shopping and commercial centre comprising 16 units was purchased in July 2006 as an investment opportunity. During May 2008 a planning consent was secured to develop 52 flats and 8 commercial units.
Beacon Shopping Centre, North Shields
This 186,000 sq.ft. shopping centre was purchased in February 2008 and comprises 37 units. The centre has a multi storey car park with 460 spaces and is anchored by Wilkinsons. Other major national retailers represented include Boots, Dorothy Perkins, JD Sports and New Look.
We have a redevelopment strategy and asset management programme that we are currently taking forward.
Kings Square, Belfast
This 22 unit suburban shopping centre in East Belfast was purchased in 1995 and the main anchor tenants are Supervalu and Ulster Bank. After a long term asset management and 6 unit extension, the centre was sold in October 2004.
4-8 John Street, Glasgow
This building comprises three commercial units and three floors of offices and was purchased in June 2012. The upper floor offices have been comprehensively refurbished internally and externally and have been partially let. The commercial units are all fully let.
Thunderton Place, Elgin
This 31,000 sq.ft. former Tesco store was purchased for redevelopment purposes in April 2004. The store was subsequently split into two units and the space was let to TK Maxx and Poundstretcher respectively. The asset was sold in June 2005.
25 West Stewart Street, Greenock
This supermarket, multi-storey car park and retail parade of shops was purchased in March 2002. The asset is anchored by Somerfield and Semi-Chem and comprises around 48,000 sq.ft. of retail space over two levels. This property was sold in April 2006 after a successful asset management programme.
115/121 High Street, Kirkcaldy
This town centre property was purchased in two phases during 2000 to undertake a mixed-use retail and residential development. The retail scheme was completed during 2002, lettings were secured to Bon Marche and Special Occasions and a residential planning consent was achieved for five flats over the upper floors. The retail element was successfully sold in January 2004 and the residential element was sold in September 2005.
43-51 King Street, Stirling
This town centre retail and office property was purchased in July 2003 and comprised 3 shops and 3 upper floor office suites. The main tenants were Lloyds TSB and Prudential Assurance. After the letting of an empty shop unit and a successful asset management programme, the property was sold in April 2004.
15/23 King Street, Kilmarnock
This town centre retail property was purchased during 1999 and was split into two retail units and an ATM. which were let to Claire's Accessories, Softworld and The Bank of Scotland.The asset was sold in May 2003.
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Office and Industrial Projects
Redwood Crescent, East Kilbride
This 13,390 sq ft office property was purchased with vacant possession in January 2007.  We secured an early letting to Azzuri Communications, who took possession in May 2007 after a refurbishment programme that we undertook on their behalf.
124 St Vincent Street, Glasgow
This prime 7 storey city centre office property was purchased in September 2007 for re-development purposes. During early 2008 vacant possession of the building was secured and we have a number of development initiatives that we are taking forward. This asset is held in a joint venture with AWG Property.
Blenheim Place, Edinburgh
This 36,903 sq.ft. office building was purchased as an investment in March 2008 and is let in its entirety to The Bank of New York Mellon. We currently have an asset management programme in place.
52-60 Brandon Parade, Motherwell
This 40,000 sq.ft. property was purchased in March 2001 for redevelopment purposes. During 2001, part of the ground floor and basement was let on a long leasehold basis to JD Wetherspoon Plc, and in September 2003 the remaining 19,500 sq.ft. was let for office usage to North Lanarkshire Council on a 20 year lease. This property was sold in September 2007.
Charlotte House, Lerwick
This 20,000 sq.ft. office property was purchased in July 2005 as an investment to actively manage. It is occupied by a variety of Government departments including Employment Services, HMRC and the Scottish Executive.
This asset was sold in March 2006 after a successful asset management programme.
Boswell House, Arthur Street, Ayr.
This 20,000 sq.ft. town centre mixed retail and office complex was purchased in January 2004 and comprises 3 retail units and 3 floors of upper floor offices. The main tenants are Ayrshire and Arran Health Board, Finnies Sports and The British Red Cross. After a successful asset management programme, the asset was sold in October 2004.
Strand Street/Croft Street, Kilmarnock
This 70,000 sq.ft. town centre property was purchased in May 2002 as a long term retail and office development project. A number of office and retail schemes were worked up and the asset was successfully sold in October 2004.
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Residental Projects
The Chimes, Campo Lane, Sheffield
This 7 storey residential and commercial development comprises 50 flats and 3 commercial units comprising around 8,000 sq.ft. of space. The practical completion was achieved in January 2006 and all the flats have been sold with the exception of eight flats, which we have held on to for investment purposes. In addition all the commercial space has been successfully sold.
This is a joint venture with Modus Estates
Ayr Road, Irvine
In January 2008 we purchased this 6.4 acre development site. We are currently exploring development initiatives for a retail scheme and we are expecting to lodge our planning application during late 2008.
Tantallon Road, Glasgow
This 0.47 acre site was purchased in 2004 as a strategic land and investment opportunity. It is our intention to secure a residential planning consent for development.
Culzean Road, Maybole
This 3.85 acre site was purchased in June 2005 as a strategic land and investment opportunity. The site has various industrial buildings still on site but we plan to gain consent for residential development at a later stage.
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Partners
Varde Partners
Värde Partners was founded in 1993 and named after the Swedish word for value. Their expertise is in investing in credit, distressed and special situations investing in a wide range of assets including real estate.

They have offices in Minneapolis, London and Singapore.
Elphinstone

Elphinstone is a privately owned Scottish group of companies which initiate and manage high quality residential and commercial developments and add value to land and property. It now controls almost 3,000 acres of land throughout Scotland, much of which is zoned or has planning consent, and has developed a certain expertise in  the masterplanning of mixed use developments.
AWG Property
AWG Property is one of the leading Scottish based development and investment companies, backed by AWG Plc. a FTSE 250 listed company.
The Company currently has an investment and development portfolio of around £500 Million.
Modus Estates
Modus Estates is a Glasgow based residential development company which is currently working on projects with an end value of around £45 million.

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General information
Bankers
The company currently has banking facilities with:
Santander Bank
Aldermore Bank
Accountants
The group's tax consultants are:
KPMG LLP
191 West George Street
Glasgow
G2 2 LJ
Contact:
Gary Deans
The group's auditors are:
Gilliland & Co
216 West George Street
Glasgow
G2 2PQ
Contact:
Richard Gilliland
Lawyers
The group's main Scottish corporate and property lawyers are:

HBJ Gateley Wareing
Exchange Tower
19 Canning Street
Edinburgh EH3 8EH
Contact:
Neil Addis, Property Partner
David Kirchin, Corporate Partner

The group's main English corporate and property lawyers are:

HBJ Gateley Wareing
One Eleven Edmund Street
Birmingham
B3 2HJ
Contact:
James White, Senior Associate
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Contact us

Belgate Estates Limited
8 John St,
Glasgow,
G1 1JQ
Tel: 0141 348 7880

General information: info@belgate.co.uk
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Privacy
Dear valued customer,
At Belgate Estates Limited, we understand that you expect us to respect and protect the information you provide to us. We have always treated our customer’s privileged information with utmost confidentiality. This statement describes the types of non-public personal information about you that we collect and the actions we take to protect the confidentiality and security of this information.
Our privacy policies and practices
We collect non-public personal information about you from the following sources:
* information received from you on email or other forms you complete, such as your name, address and e-mail address and other such information.
We will not disclose any non-public personal information about our customers or former customers to anyone, except as permitted by law.
We may disclose this information to non-affiliated third parties as permitted by law. In general, our disclosures are to parties that provide services for us so that we may more efficiently process the transactions and services you request.
If you have any questions or comments regarding our privacy policy, please let us know, rest assured that private information provided to us is treated with the utmost confidentiality.
Sincerely,
Belgate Estates Limited
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