Hines secures three new retailers at The Centre, Livingston

shutterstock_167964623Hines, the international real estate firm, has secured three new retailers at The Centre shopping centre in Livingston, Scotland. 

Leading sports and footwear retailer Footlocker and foreign currency exchange outlet Eurochange have both opened at the centre, signing 5 year leases for 2990 sq ft and 250 sq ft respectively.

Hines has also expanded the food offer at The Centre with the arrival of retro American dining concept Ed’s Easy Diner, trading from a 2530 sq ft unit on a 15 year term. Eric Young & Co and Cushman & Wakefield advised Hines on all three transactions.

The Centre is Scotland’s second largest covered shopping centre, comprising more than 1m sq ft, and is home to over 160 retailers, including Primark, Debenhams, M&S and BHS. Hines acquired The Centre with funding from HSBC Alternative Investments Limited in December 2014.

Sharon Bloodworth, director of shopping centre asset management for Hines UK, said: “The three new retailers will complement the existing mix of retailers. We are particularly pleased to welcome Ed’s Easy Diner as part of our strategy to expand our food and beverage offer within the mall, and we are delighted with its performance since opening.”

Hines UK has advised on more than four million square feet of projects acquired, completed or in the pipeline in the UK with a total UK portfolio under management valued at in excess of £2.1 billion. The company’s UK portfolio of assets under management includes Broadgate Quarter, Cannon Place, One Bartholomew Lane, Sixty London and 25 Cabot Square. In Scotland, the firm recently acquired a prime retail and commercial scheme on Princes Street, Edinburgh.

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