Represented by Ryden, M Core has acquired 196-206 Union Street, a prominent retail parade on Aberdeen's principal commercial thoroughfare. The purchase deepens the group's Aberdeen holdings as the city's long-term regeneration programme progresses.
The parade sits at the heart of Aberdeen city centre, close to Union Square, Bon Accord Shopping Centre, Trinity Shopping Centre and Aberdeen Music Hall. Fully let, it is anchored by Co-op and let to a mix of national and independent occupiers, including Subway, Barnardo's, British Heart Foundation, Noodles and Heavenly Desserts.
The acquisition builds on M Core's purchase of three neighbourhood retail assets in and around Aberdeen during 2025, coinciding with sustained public investment in the city centre.
James Buchanan, Group Managing Director of LCP UK, part of M Core, said:
"This acquisition reflects our continued commitment to Scotland and builds on the investments we have already made across Aberdeen. We see real opportunity in well-located assets with strong occupiers that serve the communities around them.
"Union Street is the spine of the city centre, and significant investment is going into its future. We want to play a constructive part in that, working with occupiers and local stakeholders over the long term."
Ken Shaw, Investment Partner at Ryden, commented:
“The property was competitively secured by our client M Core only a few days after marketing commenced underlining a continuing strong investor appetite for multi-let, income-producing high yielding retail assets in Aberdeen.
"Union Street remains a key focus for both investment and regeneration and investors such as our client continue to back quality stock that supports the area's wider recovery and reinforces long-term confidence in the city centre.”
Ken Shaw and Dan Stalker, Investment Partners at Ryden acted as acquiring agents for M Core.
Contact our Investment experts now to discuss more opportunities in Aberdeen.
