Cameron Toll sold as RBS facilitates deal

Cameron Toll sold as RBS facilitates deal

Edinburgh’s Cameron Toll shopping centre has been sold in £38 million deal backed by funding from Royal Bank of Scotland.

The transaction sees Franklin Templeton Investments acquire the site which has spaces taken up by Aldi, Argos, Boots and Sainsbury’s.

RBS provided a debt facility to facilitate the deal, according to trade publication React News.

The Edinburgh-based bank said in a statement: “We are delighted to be able to support Franklin Real Assets Advisors, on behalf of their value-add clients, and Hunter REIM Limited, in relation to the recent acquisition of Cameron Toll Edinburgh.



“Cameron Toll is a grocery-anchored neighbourhood convenience centre with an estimated lettable area of 270,000 square feet. The mixed use centre has 42 retail units, one gym club, two drive-through units, a petrol station, and 1050 surface car parking spaces.

“Cameron Toll is a well-established, very popular centre with high footfall and we believe the business plan for its future will further improve and enhance the leisure and shopping experience for the people of South Edinburgh.”

The acquisition was made by the Franklin Templeton Investments and represents an initial yield of around 8 per cent.

Previous owner Oak tree Capital, in partnership with Hunter Asset Management, had acquired Cameron Toll for £46m five years ago.

Reports suggest Hunter will continue to manage the centre, which is located in a suburb in the south of the capital.

 

 

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