In December 2014, Hines acquired The Centre, a 856,114-square-foot 253-unit shopping center and adjacent retail park 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, H&M, Flannels, Boots, and Primark. The asset included Almondvale West Retail Park which was recently refurbished and leased to tenants including Next, Decathlon, Smyths Toys as well as TX Maxx. The retail park has now been sold.
The Centre is Livingston’s city center and contains 100% of Livingston’s high street retail space.