In December 2014, Hines acquired The Centre, an 856,114-square-foot 253-unit shopping center in Livingston, Scotland on behalf of HSBC Alternative Investments Limited (HAIL).
Completed in 1976, The Centre is located on 39.94 acres and is one of the most established, dominant regional shopping centers in the British Isles. It is fully let to a range of occupiers with anchor tenants including Marks & Spencer, Debenhams, Boots, BHS and Primark. The asset also includes Almondvale West Retail Park which was recently refurbished and now accommodates a 25,000-square-foot NEXT store as well as TK Maxx and HomeSense. It is Livingston’s city center and contains 100% of Livingston’s high street retail space.