Commercial Property

Alasdair Steele discusses the decline in institutional investment in Scottish commercial property over the past decade and how the recent pooling of local authority pension funds may serve as a catalyst to reverse this trend. It is no secret that UK institutional investors have cooled on Scotland in

Scotland's real estate sector attracted £770 million in investments in the first half of 2024, a 4% rise on the 10-year average and a 30% jump from the same period in 2023.

Prosafe Offshore Ltd, a provider of semi-submersible accommodation vessels, has relocated its Aberdeen operations to Kingshill Park in Westhill. The Norwegian company, listed on the Oslo Stock Exchange, has signed a 5-year lease with Knight Property Group for a 4,280 sq ft office suite in Pavil

LSPIM Dev Co, acting on behalf of a private equity investors, has fully let its Barrhead Retail Park after agreeing terms for the park's last two units. Barrhead Retail Park, which completed last year, spans over 70,000 sq ft It is home to a diverse retail mix which includes Lidl, B&M, Star

North Sea Midstream Partners (NSMP), a player in the UK energy sector, has relocated its Aberdeen team to the prestigious Marischal Square. NSMP has moved to the Grade A building, which is the most environmentally-friendly office in Aberdeen, where it will be closer to customers and stakeholders, ce

Scots property firm the SRE Group has agreed a lease with Isle of Harris Distillers for the 870 sq ft second floor at 25 Blythswood Square, Glasgow, meaning that the refurbished building is now fully let. With the distillery located in the heart of the Isle of Harris, the new space at 25 Blythswood

Scotland’s commercial property sector saw a marginal rise in overall occupier demand for the third consecutive quarter, supported by a less negative picture regarding demand for retail space, according to the Royal Institution of Chartered Surveyors (RICS). The latest RICS Commercial Prop

Knight Property Group has completed phase three of its £20 million speculative development in East Kilbride, inked a multi-year lease with engineering services and asset management specialist Briggs Equipment. The new "state-of-the-art" industrial warehouse at Langlands Commercial Park sp

Scottish businessmen brothers Sandy and James Easdale have acquired the c. 60,000 sq ft EE contact centre in Greenock for a seven-figure sum. The purchase comes as EE prepares to relocate its 450 staff to Glasgow by November.

Scottish Enterprise has launched a £35 million Manufacturing Property Challenge Programme for prospective developers of manufacturing property to create one million sq ft of new industrial space to increase innovation and Scotland’s attractiveness to inward investors. The initial phase w

More Edinburgh occupiers decided to "stay put" rather than taking new office space during the second quarter of 2024, with regears outpacing new leases, according to figures from Knight Frank.

Investment in Scottish commercial property dipped during the first six months of 2024, as uncertainty over interest rates caused investors to take a pause for thought in Q2, according to new figures from Knight Frank. The independent commercial property consultancy’s analysis of RCA data found

Aberdeen's commercial property market has received significant inflows in the first half of 2024, reaching its highest investment level since 2018, according to Knight Frank.

Edinburgh-based renewable energy company Red Rock Power has become the latest tenant to commit to a long-term lease at 30 Semple Street. The office development, being undertaken by Corran Properties Limited on behalf of CBRE Investment Management, will complete later in 2024.

Funders are out in force and looking for opportunities as the commercial property sector in Scotland once again demonstrates its resilience, writes Ian Woods as he analyses trends in various sectors and critiques government policies. This time last year, it would have taken a large amount of br