Aberdeen shopping centres sold
Together, the centres cover 460,000sq ft and have more than 75 shops, including Boots, New Look and Next.
The Scottish Retail Property Limited Partnership was formed in 2004 – with Land Securities contributing the Bon Accord centre and British Land contributing the St Nicholas centre – to “maximise the long-term value of two adjoining assets”.
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Hide AdThe joint venture was set up as a seven-year partnership, with the external debt expiring last year.
Cushman & Wakefield acted for the Scottish Retail Property Limited Partnership and CBRE acted for F&C REIT.