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Thistles retail mall in Stirling has outperformed average visitor numbers across Scotland\u2019s shopping centres following continued investment and the arrival of six brands.<\/p>\n
It welcomed just under six million visitors last year a 3.9% increase in footfall on the previous 12 months, though similar to visitor levels when it changed hands in December 2020. By comparison, shopping centre footfall across the country in 2025 fell by 1.5%.<\/p>\n
New tenants included fashion and accessory brands such as H&M and Lovisa, as well as global lifestyle brand MINISO. Jewellery retailer Pandora has upsized its unit.<\/p>\n
About \u00a36 million has been invested by landlords and tenants in major works projects to ensure the centre remains in top condition for shoppers, retailers and visitors. The 1,300-space Thistles car park was reopened following a \u00a33.5m investment. <\/p>\n
Further improvements are now underway at the Marches Car Park where circa \u00a3450,000 investment will see lighting upgraded throughout.\u00a0<\/p>\n
Scoop acquired Thistles for \u00a322.5 million, in its first joint venture with AXA fund management. It is spread over 500,000 sq ft on one level, dominating Stirling city centre, and has responded to the closures of key stores such as Debenhams by repurposing space and securing new tenants.<\/p>\n
Mark Hewett, director at Scoop Asset Management, said: \u201cThe performance of Thistles over the past year reflects the strength of the centre, the resilience of the location and our long-term commitment to investment. <\/p>\n
\u201cContinued growth in footfall, the introduction of high-quality new retailers and significant capital investment across the asset demonstrate sustained confidence in Thistles as a leading regional shopping destination.\u201d<\/p>\n
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