Real estate investor Praxis has completed the sale of Uniqlo’s flagship store on Glasgow’s Argyle Street.
The site was sold to French SCPI, Remake, for £9m. The unit had been leased to the fashion retailer on a ten-year term.
It comes after Uniqlo opened its Argyle Street store in October, with the launch marking the brand’s second Scottish shop.
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Praxis acquired the unit as part of its purchase of Glasgow’s St Enoch shopping centre in May this year.
Praxis director Ilan Goldman said: “This sale caps a successful start to our business plan at St Enoch with 60,000 sq ft of retail and leisure deals having been completed since acquisition and a further 16,000 sq ft in solicitors’ hands.
“Footfall is up this year by a further 13% and we expect customer numbers to continue to grow with the store openings in the pipeline for 2026”
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