Commercial Property

Knight Property Group has completed the acquisition of a 46,858 sq ft industrial unit on the outskirts of Uddingston in South Lanarkshire and has started a £0.5 million refurbishment project.

Scotland's hotel market enjoyed a buoyant 2024, with transaction volumes for deals over £1 million having reached £431m, a 38% increase on 2023 and significantly above the 10-year average of £282 million, according to Savills. Ovarall, Scotland accounted for around 7.5% of all UK h

Three Aberdeen oil firm buildings have been acquired by EEH Ventures, a London-based investment firm, as part of a deal worth £45 million. The 275,000 sq ft portfolio at the Prime Four business park in Kingswells, was previously owned by Canadian financial services company BMO. It houses the h

With the year ahead ripe with opportunity, the Scottish real estate market is slated for strong growth in 2025, according to the latest quarterly review from Lismore Real Estate Advisors. Q4 saw £406 million traded, up 6% on Q4 2023. Whilst volumes in Q4 are 4% below the five year average, the

Blackfinch Group, a UK investment specialist, has acquired a 174-hectare commercial forest in Argyll and Bute. The acquisition, made through its subsidiary Litchfield Trading Limited and funded by retail investors through the Blackfinch Adapt IHT Service, marks Blackfinch's first foray into the fore

Knight Frank predicts that the utilities and information & communications sectors will dominate economic growth in Aberdeen, Edinburgh, and Glasgow through 2050. This growth will be buoyed by the transition to net zero and the rise of AI.

Sustainability solutions firm SLR Consulting has moved into a new 175-person office at The Tun in Edinburgh following a number of business acquisitions. The move will see SLR, OPEN and ITPEnergised all working from a single base and in a better position to support new and existing clients and projec

Surrey-based IT services and solutions firm ARO has agreed to lease office space at Kingshill Park in Westhill, Aberdeenshire, from Knight Property Group. The firm has signed a 5-year lease on a 2,670 sq ft ground floor office suite at Pavilion 11 on the park. It has moved from a previous base in Qu

Aberdein Considine has opened a commercial property practice in Manchester's Spinningfields, marking its first step of Northwest expansion. The firm, which has 21 offices across Scotland and the North of England, aims to double its commercial real estate turnover in England and Wales next year.

A planning application for the refurbishment of the Calton Square office building, currently home to Baillie Gifford until 31 December 2025, has been granted subject to conditions by the City of Edinburgh Council.

Scotland's hotel sector is experiencing a surge in investment, with Q3 2024 figures having reached £110 million, a 150% increase on the five-year quarterly average of £44m, according to Colliers. This brings the year-to-date total to £200 million, an 18% rise compared to 2023. Coll

Savills has brought Kilgraston, a former school, to market, on the instructions of the Trustee in Bankruptcy. Located on a historic site in Bridge of Earn, rural Perthshire, the property's picturesque setting and extensive features make it ideal for various uses, including education, residential, to

Knight Property Group has welcomed Ener-G Services Limited as its latest tenant to Kingshill Commercial Park in Westhill, Aberdeenshire. The electrical engineering company, which specialises in servicing the renewables, marine and offshore sectors has let Unit 6E, which extends to 2,500 sq ft on a 5

Legal & General, advised jointly by Savills and CBRE, has let three fully fitted offices at both Kintyre House and 140 West George Street in Glasgow city centre to occupiers including Hiscox, Beale & Co and Diamond & Co. At Kintyre House, 205 West George Street, insurance firm Hiscox wil

Office take-up in Aberdeen has rebounded during the third quarter of 2024 after a slow start to the year, according to Knight Frank.