Commercial Property

BNP Paribas Real Estate, part of the BNP Paribas Group, has announced that Morgan Stanley's Glasgow office has been acquired by French investment firm Iroko Zen in a deal worth more than £50m, cementing the largest office transaction in Scotland so far this year. The property at 122 Waterloo S

Scottish businessmen Sandy and James Easdale have expanded their £800 million property portfolio with the purchase of the Inverclyde industrial site formerly owned by global packaging manufacturer Berry bpi. The brothers acquired the 5.42-acre property on Port Glasgow Road as momentum builds f

Investor confidence in the stability of prime asset pricing is growing, according to research by Lismore Real Estate Advisors. Nearly two-thirds (65%) of investors believe pricing as "found its level", with nearly 90% of funds and investment managers sharing this view, according to an investor surve

International architecture firm BDP has relocated its Glasgow office to the iconic Grosvenor Building at 72 Gordon Street opposite Glasgow Central Station. The move, facilitated by Ryden's office agency team, sees BDP occupy the entire 8,584 sq ft second floor of the building, originally designed in

Edinburgh office prices are likely to rise in the coming years due to a "quiet construction pipeline", property services firm JLL has said.

There is currently as much as 750,000 sq ft of occupier demand still looking for office accommodation across Glasgow due to a shortage of quality options available in the city, according to data from Savills. While the take-up of office space in Glasgow city centre reached 177,514 sq ft in H1 2024,

Commercial property transactions totalled £426 million in Q3 2024, up 7% year-on-yaer and 16% above the five-year average, marking the highest Q3 total in the last five years, according to Lismore Real Estate Advisors. Key transactions included Pontegadea’s £42.5m acquisition of Th

Investment in Scottish commercial property increased in the third quarter of 2024, as interest rates began to fall and a decisive election result provided more certainty over future policy direction, reaching £1.21 billion in the first nine months of the year, according to Knight Frank. 

The Galbraith investment team have advised its client Cedarwood Asset Management on the sale of 2 Ellismuir Way, Tannochside Park, Glasgow.

Scotland’s commercial property market attracted significantly more international interest in the decade that followed the 2014 independence referendum than it did in the 10 years prior to the vote, according Knight Frank.

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