M Core Expands Scottish Portfolio in Aberdeen Investing Over £4.4 Million

M Core,  has further expanded its presence in Scotland by acquiring three neighbourhood retail assets in Aberdeen, totalling over £4.4 million.

The acquisitions collectively add over 58,000 sq.ft of retail space to M Core’s growing UK portfolio and form part of the collective’s long-term strategy to invest in resilient, community-focused assets across the country.

The newly acquired properties include:

Greenfern Place, Mastrick is a standout community retail hub spanning 30,563 sq.ft with 22 units. Situated in a busy residential catchment area to the north-west of Aberdeen, Greenfern Place is anchored by major names including Boots, Spar, and William Hill. Greenfern Place benefits from a loyal customer base, which will benefit from future regeneration plans. The asset was purchased with seven void units; three have already been let, two are in legal stages, and two remain available. Upgrades to the site include , decorating the canopy area and upgrading lighting to state-of-the-art LED’s.

The Green, Portlethen is a 14,994 sq.ft neighbourhood development located in Portlethen. It consists of 15 units, including an RS McColl and a variety of takeaways and service retailers. Located nine miles south of Aberdeen, The Green is a key retail destination for this fast-growing commuter town. The site was acquired with two void units; one has now exchanged, and the other is currently under offer.

Braehead Way Shopping Centre, Bridge of Don – Serves as one of Aberdeen’s largest residential suburbs, a vibrant 11-unit centre includes a range of convenience and professional service providers. With excellent transport links, a dedicated customer base and scope for asset enhancement, Braehead Way offers exciting value-add opportunities. The shopping centre has two vacant first floor suites available which refurbishment works currently underway by the landlord. This will be open to all uses, including leisure, office and restaurant use.

M Core has already begun external improvement works across all three sites as part of a broader initiative to revitalise and reinvigorate assets that had previously been left untouched. These upgrades signal the start of a new chapter for each centre, one focused on community engagement, modernisation, and long-term resilience.

James Buchanan, Group Managing Director of LCP part of M Core said: “These are three fantastic additions to our growing portfolio in Scotland. Each asset is deeply rooted in its local community and shows strong fundamentals, from footfall and tenant mix to future development potential. We’re energised by the momentum and excited to build on this progress”.

“We invest in established hubs that are key to local communities they serve, and we nurture partnerships with key tenants. Each asset brings opportunities for growth, whether through planned regeneration, tenant diversification, or value-add improvements. As M Core continues to expand, our focus remains firmly on delivering quality retail destinations that seamlessly integrate into the fabric of local life”.

For leasing opportunities on voids across all sites, please contact George Kearney, Senior Asset Manager at GKearney@lcpproperties.co.uk. or on 07714 679 202.