A busy Edinburgh retail park has been bought over in a deal worth over £16million.
Corstorphine Retail Park has been acquired by Lothian Pension Fund and the news comes after a recent extensive redevelopment with the inclusion of a new Lidl store and The Gym.
Lothian Pension Fund bought the park from Hunter Real Estate for £16.265million and have also announced further lease re-gears to McDonald's, Pets at Home and Cancer Research UK.
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The new Lidl store officially opened to the public in August 18, 2022, replacing Currys & PC World.
Commenting on the retail warehousing sector, Chris Macfarlane, director of Lismore said: "Towards the end of 2022 and into this year we have seen retail warehousing yields soften, but those parks anchored by food stores and also with an element of drive-thru, located in strong urban catchments, remain robust and still offer good value."
Lothian Pension Fund is the second-largest Local Government Pension Scheme in Scotland.
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