Two flagship north-east shopping centres have been sold off for nearly £190million.
London-based F&C REIT, which recently bought over an Inverness mall, has announced that it is taking over the Bon Accord and St Nicholas centres.
The asset management firm refused to comment on its long-term plans for the shops yesterday.
However, it is understood that the centres will continue to trade as usual and that there are no plans to use the sites for anything other than retail.
The deal comes just six months after the firm acquired the Eastgate Shopping Centre in Inverness as part of a £250million deal.
Zvi Noe, director of investments at F&C REIT, said the firm was happy with the deal and that its shopping centre shopping spree was not yet over.
“We are delighted to have once again worked with long-standing partners to secure this deal,” she said.
“Having secured these assets we look forward to completing similar transactions going forward.”
The malls, which opened in 1985 and 1990, recently received an £8million revamp courtesy of previous joint owners Land Securities Group and British Land.
The refurbishment included the new food terrace comprising Pret a Manger, Yo! Sushi, Cafe Rouge and Di Maggio’s.
The centres total 460,000sqft across more than 75 retail units and are anchored by Next, Boots and New Look.
They are also ideally positioned between retail giants Marks and Spencer and John Lewis.
The sale, which was rubber-stamped yesterday, netted Land Securities Group and British Land £189million.
Land Securities executive director Richard Akers said: “The sale of the Bon Accord and St Nicholas centres is in line with our strategy of recycling capital into other opportunities across our portfolio.”
However, Land Securities Group will remain in Aberdeen.
The firm took over the day-to-day running of the Queens Links Leisure Park near the beach this year as part of a £112m deal.