Princes Square by M: Glasgow's iconic Retail Landmark Transformed by M Core

M Core  has successfully repositioned Princes Square by M—reinventing the iconic Glasgow destination through a bold programme of asset investment, physical transformation and community-first placemaking.

Acquired in 2023, Princes Square has undergone a dramatic turnaround, with voids reduced from 17 to just 2, footfall rising to nearly 2 million in the past 12 months, and the introduction of a compelling new brand and customer experience. The strategic repositioning demonstrates M Core’s ability to acquire and transform challenged assets into thriving destinations through intensive asset and property management.

A Visibly Transformed Space

• Refreshed public realm and signage designed to elevate the customer journey
• A vibrant new brand, “Princes Square by M - The iconic home of Luxury, Fashion & Flavours”, rolled out across all touchpoints, from digital to on-site branding
• Enhanced internal wayfinding and retail presentation across floors
• Improved lighting and décor within key zones to complement premium retail
• Live music introduced, encouraging cultural activation through local buskers and performers

A Curated, High-Quality Tenant Mix
New lettings reflect the scheme’s elevated positioning:

• CLASS, a new experiential cooking school, opens August 2025—bringing innovation and energy to the upper levels
  Scott & Charters one of Scotland’s most celebrated luxury labels, will launch later this month
• The Delphine, a modern café bar and meeting space is the latest restaurant by the team behind The Maison and Club House, opens this summer 
• Anthropologie has opened its first Glasgow store, bringing a globally recognised lifestyle offer
  Empire Shoes has relocated to an expanded unit to meet growing demand
• All Saints has expanded into a larger unit

This curated mix has been shaped through M Core’s hands-on approach, supported by deep market insight and local relationships.

Demonstrating M Core’s Strength
This repositioning is a hallmark of M Core’s ability to identify potential, invest with conviction, and deliver value for communities, tenants and investors. It’s an approach built on local engagement, careful tenant selection, and the agility to activate space creatively.

Alex Williams, Asset Manager for Princes Square by M and Head of Scotland at LCP, part of M Core, said: 

“Princes Square by M is a flagship example of how we transform retail destinations.  Through proactive asset management, investment in the physical space, and understanding our Glasgow audience, we’ve created a premium experience, attracting new visitors and tenants.”

Rakesh Joshi, Director at LCP, part of M Core, added: “From double-digit voids to near-full occupancy in under two years, this is exactly the kind of turnaround we’re known for. We’ve changed how Princes Square looks, how it trades, and how it’s perceived.”

Robin Kennedy, Associate Legal Director at LCP, supported all transactions.

Princes Square by M is now firmly positioned as “the iconic home of luxury, fashion and flavour” in Glasgow’s city centre, and a symbol of M Core’s ambition to reimagine retail across the UK and Europe.