Commercial Property

Aberdeen shopping centre and leisure complex Union Square is set to change ownership in an investment deal worth £111 million. The deal has been sealed by UK-listed retail property giant Hammerson, with completion expected by the end of the first quarter of 2024.

Specialist pensions administrator Aptia has announced the opening of its second office in Scotland, securing a five-year lease for 4,528 sq ft at 145 St Vincent Street in Glasgow. Launched on January 1st, Aptia is a private-sector pension administrator in the UK, managing pensions and benefits for o

Knight Property Group has announced that construction now underway on a prime 0.44-acre plot in Westhill, Aberdeenshire, as the property firm continues its activity in the speculative development landscape across the North East. The project is situated adjacent to a forthcoming Wickes store, al

Property developer Downing is to redevelop the former Scottish headquarters of Reach PLC after acquiring the site in a multi-million-pound deal.  The 150,000 sq ft office building, previously housed Scottish titles including the Daily Record, Glasgow Live, Sunday Mail and Scottish Daily Mi

A terrace of eight energy-efficient industrial and distribution units with yard accommodation next to Aberdeen Airport has been brought to market for lease or purchase by Clowes Developments, following a major refurbishment programme.

Edinburgh-based property investment group Archibald Marckay Group has successfully secured a £530,000 funding deal from alternative finance lender Reward Finance Group. The funds will be used for the acquisition of a grade B listed building in Leith for hotel redevelopment and the completion o

Highlands and Islands Enterprise (HIE) has launched a study to assess the demand for commercial property and land in the region. Businesses, community groups, and social enterprises with future property or land plans are urged to participate in the short survey by 22 March.

In line with the wider global slowdown, investment into Scottish commercial real estate saw a significant decline in 2023, according to Colliers’ latest Scottish Snapshot.

Take-up of office space in Edinburgh has hit 649,000 sq ft in 2023, just 0.9% below 2022’s figure, according to Savills. Despite this minor fall, it remains 0.5% higher than the five-year average for the city, as more occupiers get to grips with what they both need and want from their office s

Commercial property and investment collective M Core has acquired the Princes Square retail development in the heart of Glasgow city centre, for an undisclosed sum. The 118,625 sq ft property features four self-contained retail units along Buchanan Street and an inner mall spread across five levels,

Real estate advisor CBRE has released its latest findings on Scotland's key office markets, focusing on Edinburgh and Glasgow during the final quarter of 2023. While take up was slightly down on the previous three months, Edinburgh and Glasgow are showing positive signs of recovery with significant

Harbour Energy has secured 34,000 sq ft of Grade A office space at Aberdeen’s Prime Four Business Park in Kingswells, in a deal brokered by independent commercial property consultancy Knight Frank. The energy company will occupy the entirety of Unit 9 at Prime Four. The modern two-storey offic

Lismore Real Estate Advisors has facilitated the £13.965 million sale of South Gyle Trade Park in Edinburgh on behalf of abrdn, with Rossco Properties (Edinburgh) Ltd emerging as the acquirer. Set on a site of 12.31 acres, within Edinburgh’s premier industrial location, the multi-let est

Global pension company Aptia has secured a prime office space at CEG's Verdant office development in South Gyle Business Park, west Edinburgh. The firm is taking a turnkey office solution for 8,470 sq ft of CEG’s Let Ready Custom Design + Fit Out space.

Lismore Real Estate Advisors has unveiled its comprehensive review of the Scottish investment market for the final quarter of 2023, shedding light on the economic and political challenges that defined the year. As we bid farewell to a tumultuous 2023, many in the investment market are eager for