Ocean Terminal on sale at £100m

Edinburgh’s Ocean Terminal shopping complex has been put up for sale by owner Forth Ports as it shifts its focus towards renewables.

Forth, bought last month by infrastructure fund Acrus, wants £100 million for the retail centre in the Leith area of the city. It intends to use the proceeds to develop renewable energy projects and other industrial facilities at its ports. Jones Lang LaSalle has been appointed to market the property to international investors, but any buyer would have to refinance some £68m of debt at Ocean Terminal.