Property investment group LCP has bought its third retail centre in Aviemore in just over year.
LCP acquired Aviemore Retail Park, Santa Claus Drive, off Grampian Road, for an undisclosed sum.
The 50,550 sq ft complex opened in 2017 and is fully let with six tenants – anchored by Aldi, with Superdrug, Costa Coffee, The Snug Speyside Distillery Visitor Experience, and a Tiso outdoor experience store.
The park joins LCP's portfolio alongside Aviemore Shopping Centre and Myrtlefield Centre, both in Grampian Road, which the commercial property company bought in the summer of 2021. Its total retail portfolio in the town now stand at 85,550 sq ft.
James Buchanan, group managing director of LCP, said: “Aviemore Retail Park occupies a prime site in what is a busy all-year-round tourist destination, so we’re pleased to have added this significant centre to our real estate assets. As a business we remain committed to seeking suitable sites we can add value to and have £300m available to invest ranging from £500,000 to £30m.”
Phillip Hunt at Tudor Real Estate acted as agent for LCP, and the solicitor was Kelsey Gibson at MacRoberts. CMS Solicitors acted for the vendor.
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