Maya Capital buys Glasgow’s landmark Guildhall Office for £30m
Specialist real estate investment firm Maya Capital has acquired the landmark Guildhall office building in Queen Street in Glasgow for £30 million.
Guildhall is an almost fully let landmark office building in Glasgow’s city centre totalling 145,390 sq ft. The building is situated close to all key public transport hubs and amenities, being a 5-minute walk from Queen Street and Glasgow Central stations, as well as Buchanan Street and George Square.
The investment is Maya Capital’s first since the coronavirus outbreak. The acquisition forms part of Maya Capital’s flagship regional UK office strategy, which targets office assets outside London.
Maya Capital was advised by JLL on this transaction. The vendor was PATRIZIA.
David Pralong, managing partner of Maya Capital, said: “We are delighted to acquire this property, in one of the best locations in Glasgow, for what we believe is a good price in these interesting times. This achievement is the result of our stock picking methodology, disciplined approach and expertise in the sector.
“We remain keenly focused on the UK market where we continue to see substantial contrarian investment opportunities in both the office and retail sectors. We expect to acquire further assets in the coming months.”