London, 17 October 2014 – CBRE Capital Advisors, on behalf of the Glanmore Property Fund, has sold Project Leopard for over £80 million to a joint venture partnership between Edinburgh House Group and Cerberus Capital Management.

The portfolio comprised six UK shopping centres, totaling c850,000 square feet:
•The Aberafan Shopping Centre, Port Talbot (268,370 sq ft)
•The Guildhall Shopping Centre, Stafford (138,680 sq ft)
•The Loreburne Shopping Centre, Dumfries (88,678 sq ft)
•The Quadrant Shopping Centre, Dunstable (133,012 sq ft)
•The Swan Shopping Centre, Kidderminster (98,053 sq ft)
•The Fleet Walk Centre, Torquay (124,737 sq ft).

Nick Harvey-Jones, Senior Director, CBRE Capital Advisors commented:

“We received a strong level of interest in this shopping centre portfolio, which illustrates the continuing strength of the portfolio market and investors’ increasing risk appetite.”