Europa Capital sells retail park in Ayr

Published:  25 July, 2017

Heathfield retail park sold to US-based asset manager

Europa Capital and Ediston Real Estate have sold Heathfield retail park in Ayr to an affiliate of MCAP Global Finance, a subsidiary of Marathon Asset Management.

Heathfield retail park was purchased in 2011 by Europa Capital and Ediston Real Estate and has subsequently been refurbished and extended to 190,000 sq ft. Major tenants now include Marks & Spencer, Homebase, DFS, Curry’s, PC World, Halfords, Poundworld, KFC and Pizza Hut. An agreement for lease has also been signed with B&M Stores for a unit which is currently being extended.

Europa Capital director James Brodie said: “Heathfield retail park is an excellent example of Europa Capital transforming an asset. Since acquisition there has been a major refurbishment of the frontages and car park, construction of a new 30,000 sq ft retail terrace and the addition of new retail units in the car park.”

Allsop advised the seller.

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