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omni centre

International investment group Triple B has acquired <a href="https://completelyretail.co.uk/shops-to-rent/edinburgh?lat=55.953252&amp;lng=-3.188267&amp;n=56.00099164156686&amp;s=55.88142505843314&amp;e=-3.0686610584331335&amp;w=-3.3420164415668663&amp;name=Edinburgh">Edinburgh</a> retail and leisure venue <a href="https://completelyretail.co.uk/scheme/omni-leisure-edinburgh-6760">The Omni Centre</a> from Nuveen for an undisclosed value.



Located at the top of Leith Walk, the asset is home to tenants such as JD Wetherspoon, The Glasshouse Hotel, Nuffield Health Club, Nando’s, Vue Cinema, Boom Battle Bar, and the recently opened Edinburgh Street Food market.



The asset was placed on the market last year with an asking price of £65m.



Triple B – which was founded by the family behind shoe brand Bata – said the acquisition would further expand its portfolio of investments across key European markets.



Thomas A. Bata, director of Triple B, said, "We are thrilled to welcome Omni Centre Edinburgh into the Triple B portfolio. This acquisition aligns with our mission to invest in projects that foster meaningful experiences for communities. Omni Edinburgh has established itself as a cornerstone of leisure and entertainment in Scotland, and we are excited to build upon its success."



Scott Dwyer, senior real estate advisor at Triple B, added: "Our commitment to authenticity, global vision, innovation, responsible capitalism, and entrepreneurship forms the foundation of our approach. We see tremendous potential and synergies with Omni Edinburgh and are committed to investing in its long-term success."



Nuveen was advised by JLL.

Edinburgh's Omni Centre snapped up by investment group

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Phase-Eight-Edinburgh

Phase Eight has returned to <a href="https://completelyretail.co.uk/shops-to-rent/edinburgh?lat=55.953252&amp;lng=-3.188267&amp;n=56.00099164156686&amp;s=55.88142505843314&amp;e=-3.0686610584331335&amp;w=-3.3420164415668663&amp;name=Edinburgh">Edinburgh</a> with a new opening on George Street, its fourth standalone store in Scotland.



The 3,444 sq ft store forms part of the fashion retailer's expansion strategy which saw it open 13 new stores last year across the UK and Europe.



The retailer has also <a href="https://news.completelyretail.co.uk/phase-eight-to-open-largest-store-yet-at-cribbs-causeway/">opened new stores at Cribbs Causeway</a> and <a href="https://news.completelyretail.co.uk/phase-eight-opens-standalone-store-at-kingstons-bentall-centre/">in Kingston</a> earlier this year, and is planning further openings at places such as <a href="https://completelyretail.co.uk/scheme/bluewater-dartford-3739">Bluewater</a> and <a href="https://completelyretail.co.uk/scheme/blanchardstown-centre-dublin-4784">Blanchardstown</a> later in 2024. In May, Phase Eight will also open its fifth standalone store in Scotland at Glasgow's <a href="https://completelyretail.co.uk/scheme/braehead-shopping-centre-glasgow-3756">Braehead Centre</a>.



Housed in a period building, the new Edinburgh location features the retailer's new store concept, complete with a private VIP personal styling suite, bespoke furniture, curved feature walls, and large format digital screens.



Caraline Money, group retail director at Phase&nbsp;Eight, said: “Having previous traded in Edinburgh, we are thrilled to be back in this iconic city with our latest flagship store.



“We truly value our Scottish customers, and we are delighted to bring the flagship experience to Scotland where we will be able to showcase our full range including limited-edition collections."

Phase Eight returns to Edinburgh for fourth store in Scotland

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CGI of expanded Aberdeen Union Square store

Marks &amp; Spencer has announced it will invest £30m into its Scottish bricks-and-mortar estate, with plans to deliver over five new and expanded stores over the next 18 months.



The plans include a £15m investment for <a href="https://completelyretail.co.uk/shops-to-rent/aberdeen">Aberdeen</a> Union Square which will see the store almost double in size. In what is one of the largest private sector investments in Aberdeen for several years, the store will feature a market-style food hall as well as bigger clothing, home, and beauty departments. Opening in spring 2025, the store will become the retailer's fourth-largest in Scotland.



Rachel Rankine, North East regional manager for M&amp;S, said: “The scale of our investment is a vote of confidence in the future of retail in Aberdeen city centre, with a flagship store on the same scale as city centre stores in <a href="https://completelyretail.co.uk/shops-to-rent/birmingham">Birmingham</a> and <a href="https://completelyretail.co.uk/shops-to-rent/liverpool">Liverpool</a>. Where we have already invested in new formats, our customers have responded to the destination shopping experience and Aberdeen shoppers can look forward to having a bigger, better, fresher food hall and the best in M&amp;S clothing and home.”  



In the northeast of Scotland, the retailer will also be delivering an M&amp;S foodhall in <a href="https://completelyretail.co.uk/shops-to-rent/linlithgow">Linlithgow</a> later this month, whilst opening a full-line store in <a href="https://completelyretail.co.uk/shops-to-rent/dundee?lat=56.462018&amp;lng=-2.970721&amp;n=56.51459474156685&amp;s=56.43460595843313&amp;e=-2.8266441584331337&amp;w=-3.1070223415668665&amp;name=Dundee">Dundee's</a> <a href="https://completelyretail.co.uk/scheme/gallagher-retail-park-dundee-4102">Gallagher Retail Park</a> this summer. M&amp;S will also open in <a href="https://completelyretail.co.uk/shops-to-rent/largs">Largs</a> for the first time with a new foodhall due to open in early 2025.



This £30m investment adds to £32m already invested in eleven Scottish stores over the last four years – including new foodhalls in <a href="https://completelyretail.co.uk/shops-to-rent/paisley">Paisley</a>, <a href="https://completelyretail.co.uk/shops-to-rent/hamilton">Hamilton</a> and <a href="https://completelyretail.co.uk/shops-to-rent/east-kilbride">East Kilbride</a>.



The investment reflects M&amp;S's ambition to become the UK’s leading omnichannel retailer. The retailer is aiming to reposition a base of 247 stores across the UK to 180 higher quality, higher productivity full-line stores, while also opening over 100 food sites by the 2027/28 financial year. 



Beyond this investment, M&amp;S has already opened eleven new and renewed stores over the last four years in Scotland, including new food halls in Straiton (<a href="https://completelyretail.co.uk/shops-to-rent/edinburgh?lat=55.953252&amp;lng=-3.188267&amp;n=56.00099164156686&amp;s=55.88142505843314&amp;e=-3.0686610584331335&amp;w=-3.3420164415668663&amp;name=Edinburgh">Edinburgh</a>), Hamilton, Falkirk Central, Cumbernauld, East Kilbride and Paisley alongside renewals and expansions in Glasgow Silverburn, Edinburgh Gyle, Anniesland, Glasgow West End and Bishopbriggs, as well as two recently-opened convenience stores in Glasgow Battlefield and Glasgow Queen Street.



At the beginning of the year, <a href="https://news.completelyretail.co.uk/aldi-to-invest-56m-into-scottish-portfolio/">fellow retailer Aldi announced its plans to invest £56m into its Scottish portfolio</a>, opening three new stores in 2024.

M&S announces £30m investment into Scottish estate

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