Aberdeen Investments has invested £69.6m (€82.5 million) to acquire a UK retail park on behalf of Standard Life Pooled Pension Property Fund.
The fund manager said the acquisition of Sears Retail Park in Solihull represents the second retail park investment for its UK real estate fund in the past year, following the purchase of the Tandem Centre in Colliers Wood.
The Standard Life Pooled Pension Property Fund, with £1.77 billion in assets under management, invests in UK real estate. The portfolio currently allocates approximately 21% to retail property.
Sears Retail Park comprises a mix of accommodation extending to a total of 136,300 square feet with retailers Marks & Spencer and Next as key tenants.
Source: IPE Real Assets on 15 May 2025
https://realassets.ipe.com/news/aberdeen-buys-70m-retail-park-for-uk-real-estate-fund/10130550.article