Private investment manager Signal Capital, in partnership with retail investment experts Edinburgh House Estates, has completed the acquisition of three UK shopping centres: the Quadrant Centre Dunstable, Aberafan Centre Port Talbot and Regent Walk Redcar.
Collectively the schemes provide an income of circa £3.4m and comprise a total of 500,000 square feet.
The schemes will be managed by retail asset and property management specialist ESTAMA UK, who are also retained by the purchaser on their recent acquisition of Motherwell Shopping Centre in March this year.
Having invested over £40 million to date, the new partnership has further capital available to invest and continues to look for similar investment opportunities nationwide.
Colman McCarthy, Partner, Signal Capital added: “We are delighted that we have completed on these schemes where we believe the assets are dominant in these strong town centres. We look forward to working with both Edinburgh House and ESTAMA to secure new assets for the Fund.”
David Roberts, CEO at Edinburgh House Estates and ESTAMA UK said: “With carefully selected assets, we continue to believe in the retail sector as an attractive opportunity. These schemes are a perfect match to the specialist skills of ESTAMA UK who we are confident will manage to grow and sustain a viable income stream.”