Commercial Property

Scotland's commercial property market saw £272 million in transactions in Q2 2024, a 15% decrease compared to Q2 2023 and 31% below the 5-year average, according to Lismore Real Estate Advisors. The property advisory firm says a smaller number of larger ticket sales, combined with continued un

Energy infrastructure company Smart Metering Systems (SMS) has renewed its lease at 48 St Vincent Street in Glasgow, advised by Ryden's office agency team. The decision follows an extensive search for alternative office premises and detailed negotiations, culminating in SMS's commitment to rema

Assetz Capital, a lender in the SME commercial property and residential development sector, has completed a £5 million commercial mortgage to refinance the ibis Styles hotel in Glasgow. David Hehir, the relationship director at Assetz Capital who led the deal, said: "I was delighted to be able

The former Marshall Works manufacturing site in Carluke, South Lanarkshire, has been sold to power line contractors PLPC by DM Hall.

Fife's Balgeddie House Hotel, a 33-bedroom establishment with spa and event facilities, has been sold by Solley Hotels to Smar Hotels & Leisure Ltd. After inviting offers, the hotel was sold in an off-market deal through the specialist hotels team at Colliers. This is the firm’s latest dea

Elementz, a new provider of subsea asset integrity management software and subsidiary of Aize, has leased a 1,565 sq ft office at the Enterprise Centre in Aberdeen Energy Park. The three-year lease will support Elementz's growth plans in the North East, providing space for its 15-strong team. Elemen

Recent activity in Edinburgh's property market has underlined the strong investor appetite to acquire quality properties in the Scottish market, according to legal firm Lindsays. Ownership of the 100-bedroom Kings Manor Hotel, a short walk from Portobello beach, recently changed in an off-market dea

Lender and investor sentiment has improved compared to 12 months ago, Savills revealed at its 36th Financing Property presentation.

Multinational distribution and outsourcing firm Bunzl UK Ltd has secured a 10-year lease for a 29,000 sq ft unit at the award-winning Belgrave Logistics Park in Bellshill. The move from their nearby Uddingston branch sees them join other recent tenants like Wincanton, RES, and Likewise at the s

Scottish commercial property investment reached £360 million in the first quarter of 2024, according to Colliers’ latest Scottish snapshot. Whilst volumes have dropped from the final quarter of 2023 (£420m), the Q1 figure marks a 44% uplift on the same period last year.

The number of commercial property rent disputes between landlords and occupiers rose for the first time since 2016 as more cases had to be referred to a third party for resolution, according to Knight Frank. The independent commercial property consultancy obtained figures from the Royal Institution

Glasgow’s 122 Waterloo Street has been put up for sale by its owner – a client of Knight Frank Investment Management – in what could be one of the biggest deals in the city’s office market during 2024. Knight Frank and Cushman & Wakefield have been jointly appointed to ma

Edinburgh’s Audi dealership, located on Bankhead Drive in Sighthill, has traded hands in a deal worth £9.1 million.

Scottish property firm, The SRE Group, has reported a bustling first quarter in 2024, marked by securing five new lettings in its Glasgow portfolio.

Scotland's overall occupier demand for commercial property rose in the first quarter of the year, according to the Royal Institution of Chartered Surveyors (RICS). RICS' Commercial Property Monitor shows the increase is driven by strengthening demand for office and industrial space, with a net