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New Limited Partnership Buys Edinburgh Shopping Mall

EDINBURGH-The 295,000-sf Cameron Toll shopping centre south of Edinburgh city centre has been bought be a newly-formed limited partnership fronted by Portfolio Holdings and New York-based Apollo Real Estate Advisors.

By Graham Parker | Updated on October 29, 2001

EDINBURGH-Henderson Global Investors has sold the 295,000-sf Cameron Toll shopping centre to the Cameron Toll Limited Partnership, a newly-formed joint venture between Portfolio Holdings, backed by Apollo Real Estate Advisors; Kilmartin Property Group and Abbey National Treasury Services. The £66.3 million ($95 million) purchase price represents an initial yield of 7.0% and an equivalent yield of 7.6%.

Developed in 1983 on a 23-acre site south of Edinburgh city centre, Cameron Toll is anchored by a 125,000-sf Sainbury’s Savacentre hypermarket, and includes a Bhs variety store and 42 units. There are 1,200 car spaces.

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