PENSION FUND BUYS PRIME CAMBRIDGE ASSET FROM ABERDEEN STANDARD INVESTMENTS

Pension fund buys Cambridge asset from Aberdeen Standard Investments.

Aberdeen Standard Investments, advised by Edgerley Simpson Howe has sold Cambridge Retail Park to RPMI Railpen for approximately £100m.

The 230,000 sq ft park dominates the eastern edge of the city centre and was constructed between 2000 and 2007.

ESH has actively asset managed the scheme since ASI purchased from Deka Immobilien in 2014. More recently this included the completion of a series of lease extensions and new lettings to occupiers such as Lidl and The Gym Group, the existing Homebase store was also right-sized.