Second deal in Scotland
M&G snaps up stake in Edinburgh retail park
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.