M Core expands Scottish portfolio with Aberdeen retail parade acquisition
M Core has expanded its Scottish portfolio with the acquisition of 196-206 Union Street in Aberdeen, a prominent retail parade on the city’s principal thoroughfare.
Located in the heart of Aberdeen city centre, close to Union Square, Bon Accord Shopping Centre, Trinity Shopping Centre, and Aberdeen Music Hall. the fully let parade 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. These investments coincide with sustained public investment in the city centre. Aberdeen City Council approved its City Centre and Beach Masterplan in August 2022, a long-term regeneration programme that includes the Union Street Central streetscaping works, which are expected to complete in 2026.
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.”
Ryden acted for M Core.