LaSalle Investment Management has acquired the Mercat shopping centre in Kirkcaldy, Scotland as well as three retail units on the town’s high street on behalf of a client. The assets were bought from joint administrators Blair Nimmo and Gary Fraser of KPMG for an undisclosed amount.
LaSalle Investment Management has acquired the Mercat shopping centre in Kirkcaldy, Scotland as well as three retail units on the town’s high street on behalf of a client. The assets were bought from joint administrators Blair Nimmo and Gary Fraser of KPMG for an undisclosed amount.
Mercat Shopping Centre is a 200,000 sq ft (18,600 m2) covered multi-let shopping centre comprising 62 retail units. The centre is currently home to 49 retailers, including Marks & Spencer, BHS, Home Bargains, Argos, Poundland and Peacocks.
LaSalle said the centre offers an 'excellent opportunity to attract additional retailers to the existing strong tenant line-up and to continue successful trading within the scheme'.
LaSalle was advised by BNP Paribas and KPMG by Eric Young and Company.
