Eurofund Group in a joint venture with private equity real estate firm Henderson Park, has completed the purchase of Silverburn shopping center in Glasgow. The deal to acquire the 100,000 square-meter (1.1 million-square-foot) flagship center is an off-market transaction from Hammerson and Canada Pension Plan Investment Board for £140 million (€166 million/$183 million). Eurofund Group is the operating partner in the joint venture and has also co-invested alongside Henderson Park.
Located in Pollok, a wealthy suburb of the United Kingdom’s fifth largest city, Silverburn is Glasgow’s newest and highest quality shopping centre with an affluent catchment area of 2.1 million people. The center, which first opened in 2007, benefits from strong transport links, with a major bus terminal located on site, and has historically generated consistently high footfall of 15 million per annum. Silverburn consists of 125 grocery, retail and leisure units with brands such as Next, Mark
