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Cardiff's Capital Shopping Park bought by client of Aberdeen

Thursday February 20th 2014

Cardiff's Capital Shopping Park has been acquired by Aberdeen Asset Management on behalf of a client fund in a £59.65 million deal.

Purchased from PMG, the shopping park has around 150,000 sq ft of retail, leisure and office space. Tenants including Next, Outfit, Marks & Spencer, SCS, DW Sports, Mamas & Papas, Smyths Toys and Costa.

Ewan Montgomery, fund director at Aberdeen Asset Management, said: “We are delighted with the purchase of Capital Shopping Park. This is a rare opportunity to buy the leading shopping park in one of the UK’s major cities and we believe that the property offers excellent prospects for long term growth and improvement.”