Europa Capital and Ediston Real Estate have bought a Scottish retail park from Aviva Investors.
The Auldhouse Retail Park is near to Glasgow city centre.
The 116,656 sqft retail park is fully let to tenants including Homebase, Aldi, Pets at Home and Home Bargains.
James Fortescue, partner at Europa Capital said: “The recent lettings to Aldi and Pets at Home demonstrate the strength of retail occupier demand in this part of the UK.
“We look forward to further improving the park through active asset management and targeted capital expenditure.”
Alastair Dickie, director at Ediston Real Estate, said the asset was bought in an off-market deal.
“It is a really well located retail park with immediate opportunities to improve and enhance through extensive refurbishment, redevelopment and intensive asset management.”