Pension fund announces £7m investment in Gretna Green Outlet Village
RPMI Railpen has announced a £7m investment programme for Gretna Gateway Outlet Village, transforming the destination into Caledonia Park, hoping to become Scotland’s premier designer village.
Designed by Urban Edge Architecture, RPMI Railpen’s plans include installing timber façade treatments to the units, adding canopies and enhancing the public realm. The investment will complement the line-up of world-class brands, which includes Polo Ralph Lauren, Hugo Boss, and Nike.
Adding to Caledonia Park’s offer are adidas, Reebok, Levi’s and The Cosmetics Company as the latest wave of brands commit to the destination. Caledonia Park’s regional status will be further boosted by its Dining Quarter, with a focus on local produce via a Caledonia Park Farm Shop.
The investment programme at Caledonia Park is due for completion in autumn 2020, although the re-branding is being implemented with immediate effect.
Matthew Howard, head of property asset management at RPMI Railpen, commented: “Caledonia Park will be a vibrant hub for retail and dining in the heart of Southern Scotland. We have seen outstanding performance to date, and the refreshed offer and re-branding will bring a new level of momentum for the village. The strategic regeneration meets our core investment themes and lays the foundations for long-term growth.”
