Fund manager is big landlord
Aberdeen Standard exposed to troubled retailers
Landlords are confident of finding new occupiers if stores come available
Aberdeen Standard Investments is one of the big potential losers in the collapse of the Maplin and Toys R Us retail chains.
Of the 217 Maplin stores which could close Aberdeen Standard is the landlord of 10, with British Land next most exposed on eight followed by M&G, Savills IM and TH Real Estate each on five.
Aberdeen Standard is also heavily exposed to the Toys R Us outlets at risk. The Edinburgh fund manager is the landlord for 10 of the chain’s 105 at-risk stores.
However, property analysts believe there is sufficient interest in the stores likely to become available and that they will soon find alternative occupiers.
Discount retailers including Aldi and Lidl are said to be eyeing a number of the stores of both chains.
Dan Simms, head of out-of-town retail agency at Colliers International, told Property Week: “Landlords seem quite relaxed. Discount food retailers such as Lidl and Aldi have been looking at those opportunities in recent months, and there is also the option to sub-divide the stores.”