THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Livingston Designer Outlet acquired by LaSalle

The Livingston Designer Outlet in Scotland has been acquired by LaSalle Investment Management in a £52 million deal.

GENERAL MERCHANDISE

Livingston Designer Outlet acquired by LaSalle

The company has bought the outlet centre, which is currently 90% let, from joint owners Land Securities, clients of Aviva Investors, McArthurGlen and the Richardson Property Group.

Built in 2000 by McArthurGlen, the 298,064 sq ft retail and leisure destination is situated in Livingston town centre. With 98 retail and leisure units, the scheme is anchored by Gap, Next, Marks & Spencer and Vue Cinema and has a catchment of over 2 million people.

James Boyd-Phillips, head of retail, LaSalle Investment Management, said: “Situated in one of Scotland’s major retail destinations, Livingston Designer Outlet has the fundamentals to continue to be a thriving centre, supported by our asset management strategy. This is a strong asset which will enhance the breadth of our portfolio.”

Ashley Blake, director of retail portfolio management at Land Securities, added: “The sale of our ground lease interest in the DOC Livingston fits our strategy of recycling capital and reinvesting in assets where we have management control and the ability to pro-actively add value.”

Livingston is situated 18 miles west of Edinburgh on route to Glasgow just off the M8 and A71.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing