CBRE wins Cardiff management instruction
Published: 19 March, 2014
Aberdeen appoints CBRE on 153,543-sq ft Capital Shopping Park in Cardiff
The shopping park, adjacent to Cardiff City’s football stadium 1.4 miles south west of Cardiff’s city centre, comprises high quality retail, leisure and office space. Anchor tenants include Marks & Spencer, Next, Arcadia and Mamas & Papas with a 1,850-space on-site car park rounding off the area which was developed in 2008 as part of the Cardiff City Stadium development.
The Capital Shopping Park adds to CBRE’s existing UK shopping centre portfolio which receives in excess of 300 million visitors per annum. Recent wins include the appointments by Middleton SC, to property manage the Middleton Shopping Centre near Manchester, and Development Securities to manage a suite of properties including The Furlong Shopping Centre in Ringwood near Southampton.
Ryan Breslin, associate director, retail property and asset management, at CBRE said: “Aberdeen Asset Management recently acquired the Capital Shopping Park from PMG. The future potential of the development is huge as Cardiff is the capital and largest city in Wales, contributing over 20 per cent of the Welsh GDP, and the catchment area of the shopping park is first class with 243, 242 people living within a 10 minute drive away.”