Edinburgh’s Omni Centre snapped up by investment group

5th April 2024 | Jack Oliver

International investment group Triple B has acquired Edinburgh retail and leisure venue The Omni Centre from Nuveen for an undisclosed value.

Located at the top of Leith Walk, the asset is home to tenants such as JD Wetherspoon, The Glasshouse Hotel, Nuffield Health Club, Nando’s, Vue Cinema, Boom Battle Bar, and the recently opened Edinburgh Street Food market.

The asset was placed on the market last year with an asking price of £65m.

Triple B – which was founded by the family behind shoe brand Bata – said the acquisition would further expand its portfolio of investments across key European markets.

Thomas A. Bata, director of Triple B, said, “We are thrilled to welcome Omni Centre Edinburgh into the Triple B portfolio. This acquisition aligns with our mission to invest in projects that foster meaningful experiences for communities. Omni Edinburgh has established itself as a cornerstone of leisure and entertainment in Scotland, and we are excited to build upon its success.”

Scott Dwyer, senior real estate advisor at Triple B, added: “Our commitment to authenticity, global vision, innovation, responsible capitalism, and entrepreneurship forms the foundation of our approach. We see tremendous potential and synergies with Omni Edinburgh and are committed to investing in its long-term success.”

Nuveen was advised by JLL.


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