Commercial Property Investors like Glasgow

Glasgow has enjoyed a considerable recovery in the pace of the investment market, sharing renewed interest by institutions and private buyers. The latest large deal is the sale by Lloyds Bank and the Paradigm Real Estate Managers of the 55,740 sq.metres (600,000 sq.ft.) Skypark, which has planning permission for a 50% increase in space. There has been a considerable interest in the office facility and the front runner is Moorfield at a price of £55 million, under the asking price of £58.4 million. The property was developed by Kenmore before it collapsed. Another major transaction is the sale of the 2,923 sq.metres (31,462 sq.ft.) Allan House, 21-25 Bothwell Street, Glasgow through Ryden for £6.33 million, a yield of 7.16%. This is a prime location and includes a restaurant on the ground floor. It has been bought by Threadneedle Property Investments from Royal London Property Fund. Also on the market is Scarborough Property Holdings’ 110 St Vincent Street (again, a prime location) for £40.4 million and a yield of 6.1%. The 9,290 sq.metres (100,000 sq.ft.) office block is the Glasgow headquarters of the Bank of Scotland (now part of the Lloyds Banking Group) on a 15 year lease that commenced in 2007.

The Scotland Commercial Property Register

The Scotland Commercial Property Register for Sctoland is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in Scotland . You can also find the latest commercial property news for Scotland.