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The largest covered shopping center in Scotland sold for £224m



Almondvale Retail Park and The Centre have been purchased by HSBC Alternative Investments for £224m.
The site houses approximately 160 retailers, including BHS, ASDA, Debenhams and Primark and together it covers around 1.2 million square feet.

Almondvale Retail Park and The Centre

The West Lothian sites were sold to HSBC by Land Securities with advice from the UK retail investment team based at Colliers International.

The managing director of Retail at Land Securities, Scott Parsons, said the sale gives a clear indication of their commitment to reshape their portfolio with a focus on Greater London and dominant regional assets.
Land Securities is the largest listed commercial property company within the UK and it manages and owns in excess of 25 million square feet of property, ranging from offices to shopping centers, with a value exceeding £13.2bn.



More about shopping malls in the United Kingdom

YESTERDAY, France:
French chain of department stores Galeries Lafayette has announced a new service for customers during the closing of stores.
YESTERDAY, USA:
The chain of coffee shops adapts to the realities of the post-quarantine world and focuses on drive-thrus, self-service, and delivery.
DAY BEFORE YESTERDAY, Italy:
Due to the sharp decline in interest in fashion in the midst of the pandemic, the company is abandoning the traditional calendar of shows and moving to an off-season schedule.
DAY BEFORE YESTERDAY, Germany:
The masks to protect against coronavirus are called Face Covers and are made from recycled materials.
May 25, 2020, United Kingdom:
Due to the coronavirus pandemic, more and more customers are adopting the habits of the younger generation and do not want to constantly change their wardrobe.
May 25, 2020, Slovenia:
SES Spar European Shopping Centers opened ALEJA Center in Ljubljana on Wednesday, 20 May 2020.
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