M Core Strengthens UK Retail Portfolio with Acquisition of Boston Shopping Park

M Core has completed the acquisition of Boston Shopping Park in Lincolnshire, reinforcing its commitment to investing in high-performing, convenience-led retail destinations across the UK.

Located on Horncastle Road, just one mile from Boston town centre, the 65,000 sq ft retail park occupies a prominent and accessible position adjacent to the A16. The scheme benefits from a 320-space surface car park and serves a robust catchment population of over 97,000 within a 20-minute drive time.

Boston Shopping Park hosts a resilient mix of national and essential retailers, including TK Maxx, Sports Direct, Iceland, The Food Warehouse, Home Bargains, and Card Factory. This line-up delivers a compelling combination of food, value, and everyday retail, making the park a vital shopping destination for the local community.

James Buchanan, Group Managing Director at LCP UK, part of M Core, commented:

“This acquisition aligns with M Core’s strategic focus on securing well-located assets that offer long-term value and operational strength. Our investment approach continues to prioritise convenience, accessibility, and performance for both occupiers and customers.”

Barry Flint, Asset Management Director at LCP, added:

“Boston Shopping Park is a high-quality addition to our managed portfolio. With its established tenant base, strong visibility, and favourable local demographics, we see clear potential to enhance the park’s performance and ensure it remains a relevant and valued destination for the community.”

The transaction was completed with legal support from Catharine Gunz of Osborne Clarke, and our joint agents Duncan MacLaren of MacLaren & Partners, Ian Whittaker of Watling Real Estate on behalf of Proudreed, part of M Core. George Trimmer of Savills acted for the vendors on this acquisition.