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Second deal in Scotland

M&G snaps up stake in Edinburgh retail park

Fort Kinnaird

Fort Kinnaird: vote of confidence

M&G Real Estate has acquired a 50% stake in the Fort Kinnaird retail park in Edinburgh.

It is one of the biggest retail investment deals this year and the company has entered into a joint venure with new co-owner Hercules Unit.

The move will be seen as a vote of confidence in out of town retail and comes just a week after M&G acquired the Haymarket mixed development for £49.1m.

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