Commercial Property

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

Manchester-based property firm AM Sci Tech, a subsidiary of Hurstwood Holdings, has successfully completed the acquisition of Aberdeen Energy Park and Aberdeen Innovation Park. This landmark acquisition encompasses two expansive science parks in Bridge of Don, North of Aberdeen, comprising more than

Scotland's commercial property market witnessed £1.5 billion worth of assets changing hands during 2023, as the market adjusted to the sharp rise in interest rates seen since December 2021, according to research from Knight Frank. The independent commercial property consultancy’s analysi

Commercial investment volumes in Scotland for 2023 amounted to £1.493 billion, marking a 34% decline from the previous year, according to Savills.

Scottish property firm, the SRE Group, has announced that intellectual property advisor, Lawrie IP, has agreed to take the final available space at 10 Bothwell Street.

CBRE has forecast a nascent economic recovery in the latter half of 2024, with a more robust rebound expected in 2025, according to its UK Real Estate Market Outlook 2024. This optimistic outlook is bolstered by the Bank of England's anticipated interest rate cuts in the second half of 2024, wh

Shepherd Chartered Surveyors has secured the top spot in commercial property search expert NovaLoca’s annual disposals report for the second year in succession. The report analysed 49,500 property adverts, comparing properties across all sectors: retail, industrial, leisure, office, and land.

MEININGER, an international hotel chain, has announced it will expand its footprint to Edinburgh by transforming a 1970s office building into a new hotel. The project, a collaboration with property developer S Harrison, will refurbish Osborne House in the Haymarket area into a 157-bedroom hotel, fea

The Easdale Investment Group, under the ownership of brothers Sandy and James Easdale, has further expanded its property portfolio in Scotland with the acquisition of a new industrial unit in Renfrew. The site, located at Meadowside Street within the Neil Street Industrial Estate, was previously hel