Newly formed N4 Property, fronted by N4’s head of property, Richard Elliott, has acquired the former Natwest building at 14 Blythswood Square for a seven-figure sum and plans to undertake a comprehensive refurbishment.

The building benefits from a prime corner position in what is regarded as one of Glasgow’s premier locations. Given its history and green space outlook, the property is expected to generate strong occupier demand.

Mr Elliott joined N4 in October last year signalling a strategic move into property for the Scotland-based investment and advisory firm. This maiden acquisition is the first of numerous developments planned within the N4 portfolio, covering a wide spectrum of property projects including commercial, industrial and residential.

Richard Elliot

On acquiring the property on Blythswood Square, Mr Elliott said: “We’re delighted to complete N4 Property’s first acquisition in such an iconic location.

“We have a well-considered occupational strategy already in place and look forward to restoring the building back into a high quality, modern commercial office.”