Commercial Property

Savills, on behalf of Old Park Lane Management (OPLM), has sold a Glasgow building, comprising 98 Buchanan Street and 31 Royal Exchange Square, to Cervidae for £13.775 million. Having completed the asset management plan, OPLM is focusing on its core strategy of large-scale central London devel

Aurora Energy Services has invested £750,000 in securing a new larger office building in Aberdeen to support its ambitious expansion programme. The company has acquired the lease for the 7,000 sq ft Ury House in Howe Moss Crescent, Dyce, which has been renamed Aurora House.

Sean Fraser, a commercial property solicitor at Holmes Mackillop, has called for the reintroduction of the Business Premises Renovation Allowance (BPRA) to tackle derelict buildings in Glasgow city centre. The original BPRA, which ended in 2017, offered a 100% initial allowance for costs associated

CBRE has advised St John’s High Income Property Fund on the acquisition of a prime distribution warehouse located at Eurocentral. Located at 30 Coddington Crescent, the property comprises a detached modern warehouse unit extending 72,422 sq ft with a 6,869 sq ft canopy and 1.6-acre secure conc

Grant Thornton UK LLP has signed a lease for 8,500 sq ft on the eighth floor of Aurora, a recently refurbished office development at 120 Bothwell Street in Glasgow. The accounting and consulting firm will relocate from 110 Queen Street this summer, bringing Aurora’s occupancy to 96% just five

Glasgow city centre has experienced a significant surge in food and beverage (F&B) activity in 2024, with 34 new openings marking the highest volume in over six years – a 25% increase compared to the previous year – according to Savills. Nearly 90% of these openings were local indepe

Shepherd Chartered Surveyors has appointed Gillian de Almeida as an associate property manager in its Glasgow office, strengthening its commercial property management team. An RICS Chartered Surveyor with over 20 years’ experience in the surveying profession, 16 of them with JLL in a variety o

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