LaSalle acquires Mercat Shopping Centre from KPMG

LaSalle Investment Management has acquired Mercat Shopping Centre in Kirkcaldy and three retail units on the town’s High Street on behalf of a client from joint administrators, Blair Nimmo and Gary Fraser of KPMG.

Mercat Shopping Centre is a 200,000 square foot covered multi-let shopping centre comprising of 62 retail units. The centre is currently home to 49 retailers, including Marks & Spencer, BHS, Home Bargains, Argos, Poundland and Peacocks. The scheme is located in the heart of Kirkcaldy’s town centre and a short walk from the bus station.

LaSalle believes there is an excellent opportunity to attract additional retailers to the existing strong tenant line-up and to continue successful trading within the scheme.

LaSalle was advised by BNP Paribas and KPMG by Eric Young and Company.