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URW has taken a significant step in expanding its Westfield portfolio by acquiring a 25% stake in Edinburgh's iconic St James Quarter, which will be rebranded in 2026.
We are delighted to announce a significant milestone in our global expansion: URW is now part of Edinburgh’s vibrant retail scene after acquiring a 25% stake in the iconic St James Quarter from Nuveen Real Estate. As part of this strategic partnership with the Dutch pension fund APG, URW will assume management responsibilities for the shopping centre, which is set to be rebranded as a Westfield destination in 2026.
Since opening in 2021, St James Quarter has quickly established itself as one of Europe’s leading retail centres, ranking among the top 20 highest-footfall shopping destinations on the continent. Covering 80,300 sqm, this dynamic mixed-use development features 110 retail, leisure and dining outlets, including a boutique Everyman Cinema, alongside 152 premium built-to-sell apartments – 81 of which have already been sold.
A global portfolio of the best retail, entertainment and services
The centre will retain its rich cultural heritage, local identity and strong community ties. Simultaneously, it will benefit from the globally renowned Westfield brand and its expertise, elevating the visitor experience through innovative customer journeys and meaningful experiences, as well as cutting-edge retail media and brand partnerships leveraged by our retail media agency, Westfield Rise.
With the rebranding, St James Quarter will become the third Westfield centre in the UK, joining Westfield London and Westfield Stratford City – Europe’s two largest shopping centres. This acquisition supports URW’s strategic ambition to grow our presence in the best urban markets while reinforcing our commitment to sustainable, premium assets that create long-term value for retailers, communities and our Group.
