M Core has acquired the 196-206 Union Street retail parade in Aberdeen for an undisclosed price.
The fully let parade sits at the heart of Aberdeen city centre, close to Union Square, Bon Accord Shopping Centre, Trinity Shopping Centre and Aberdeen Music Hall.
The parade is anchored by a Co-op store and let to a mix of national and independent occupiers, including Subway, Barnardo’s, British Heart Foundation, Noodles and Heavenly Desserts.
James Buchanan, group managing director of LCP UK, part of M Core, said: “This acquisition reflects our continued commitment to Scotland and builds on the investments we have already made across Aberdeen. We see real opportunity in well-located assets with strong occupiers that serve the communities around them. Union Street is the spine of the city centre, and significant investment is going into its future. We want to play a constructive part in that, working with occupiers and local stakeholders over the long term.”
Ryden and Morton Fraser MacRoberts advised M Core on the deal.
