DELANCEY AQUIRES BLADE PORTFOLIO

Delancey today announces that it has acquired the Blade portfolio from Propinvest Group, for an undisclosed sum partnering with existing lender Royal Bank of Scotland on the acquisition. The portfolio comprises 12 assets spread across the leisure, retail, office and warehouse sectors.

Delancey will strategically asset manage the entire portfolio and is expected to appoint DTZ to provide management services on the English properties with Cogent and Reith Lambert appointed in Scotland. All situated within the UK, the largest of the assets is the East Kilbride Shopping Centre, which comprises 250 retail units – anchored by Debenhams, Marks & Spencer, Sainsbury’s and Primark – an ice rink, cinema, library and two food areas together with 3,000 car parking spaces.

For more information please download our Press Release below.