Although it appears to be far north in the Highlands, Inverness has recently had a sparkling commercial property market. The most significant transaction is Roxhill Developments starting on a seven year plan with Inverness Airport Business Park to develop 37,160 sq.metres (400,000 sq.ft.) at the airport. Roxhill’s David Keir said: “This is one of our most significant investments to date. Inverness is a fast growing city, yet it has a real shortage of industrial space.”
According to agent Graham & Sibbald, it has had 14 transactions in the past two months “which is an encouraging sign of increased activity throughout the Highlands and Islands.” These deals included six industrial units ranging from 12,995 sq.metres (139,880 sq.ft.) to a small unit as well as city centre office investments in Inverness, Lochalsh and South Uist. In Skye and Lochalsh demand for industrial units exceeds supply, the agent said.
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