The 2,778 sq m parade, which is 9 miles northwest of the Cambridge city center, is a 13-retail unit center, anchored by Tesco Extra. Other tenants include Costa Coffee, Ladbrokes and Card Factory.
The Mall at Viking Way, Bar Hill, was acquired for an undisclosed sum. The management of the parade will be delegated to LCP asset manager George Kearney, which forms a part of M Core.
“We’ve had an extremely busy year, acquiring 25 new retail parades and shopping centers as part of our long-term strategic plan to invest in the retail sector. The Mall is already well occupied but there is significant opportunity to improve the tenant mix, which would provide local shoppers with even more choice on their doorstep. With the town project of Northstowe taking place nearby, we are confident that The Mall will continue to thrive, and our asset managers are already working hard to explore options”, said James Buchanan, Group Managing Director of LCP Group.