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Commercial property collective M Core has acquired <a href="https://completelyretail.co.uk/scheme/westhill-shopping-centre-aberdeen-6084">Westhill District Centre</a>, near <a href="https://completelyretail.co.uk/shops-to-rent/aberdeen">Aberdeen</a>, in its second significant acquisition in Scotland this year.



The 61,332 sq ft centre comprises 28 retail units and six office suites, with anchor tenants including Home Bargains and an M&amp;S Simply Food store. LCP, part of M Core, will oversee the management of the district centre.



The news follows <a href="https://news.completelyretail.co.uk/m-core-snaps-up-glasgows-princes-square/">M Core's acquisition of Princes Square</a> in <a href="https://completelyretail.co.uk/shops-to-rent/glasgow">Glasgow</a> earlier this year.



James Buchanan, managing director of LCP, said Westhill's proximity to Aberdeen, Scotland's third-largest city, was a catalyst for heightened foot traffic against the backdrop of a buoyant Scottish retail sector, which saw a 4.6% year-on-year sales increase as of July 2023.



M Core says it has invested over £275 million in the past 12 months across UK commercial real estate. Notable acquisitions include <a href="https://completelyretail.co.uk/scheme/the-centre-livingston-3656">The Centre Livingston</a>, <a href="https://completelyretail.co.uk/scheme/cwmbran-shopping-centre-cwmbran-3980">Cwmbran Centre</a>, <a href="https://completelyretail.co.uk/scheme/the-galleries-shopping-centre-washington-4839">The Galleries Washington</a>, and <a href="https://completelyretail.co.uk/scheme/three-spires-shopping-centre-lichfield-4994">Three Spires Lichfield</a>. The group said it has £500m for investments ranging between £2m and £250m, and is actively seeking new sites for acquisition.



Simon Lewis of Lewis Ellis acted for M Core. Savills and DLA advised the vendor.

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