Hammerson and its joint venture partner Canada Pension Plan Investment Board have completed the sale of Silverburn shopping centre to entities affiliated with Henderson Park and Eurofund for £140 million.
Silverburn originally opened in 2007 and currently consists of 125 grocery, retail and leisure units including Next, Marks & Spencer and TK Maxx. The leisure extension, which was completed in 2015, added a 14-screen Cineworld and 11 restaurant units including Pizza Express, Five Guys and TGI Fridays.
The centre sits on a 67-acre freehold site, which also includes 4,500 car parking spaces and the largest Tesco in Scotland, under a long leasehold interest.
Silverburn is a Top 20 UK shopping centre located in Pollok, a wealthy suburb of the UK’s fifth largest city, Glasgow.