Commercial Property

Industrial leasing activity in Scotland reached an 18-month high in the second quarter of 2023, with take-up figures reaching 1.3 million sq ft. This surge was driven by five major transactions involving properties larger than 50,000 sq ft. In comparison, there was just one such deal in the precedin

Real estate advisor CBRE has released its latest figures on the Scottish office market during the second quarter of 2023, showing a shifting landscape.

Occupier demand in the commercial property market in Scotland fell flat through Q2 2023, according to the latest Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor but surveyors appear more optimistic about the market in the three months ahead. A net balance of 2% of respon

Pinsent Masons is preparing for further growth with a move to a landmark Glasgow city centre office after signing up to become the first tenants of the £35 million Lucent Building, which is being developed by Orion Capital Managers.

Chartered surveyors DM Hall alongside property agents Ryden have brokered a new five-year lease for Aberdeen-based company, Trojan Crates, for one of the refurbished industrial units at 1-7 Crombie Road, near the city centre and Port of Aberdeen. The industrial unit, which is part of a seven-unit fa

The historic building home to the Faculty of Advocates in Edinburgh is to be transformed into an aparthotel. GIVB Ltd, a joint venture between Sundial Properties Ltd and aparthotel operator Destiny Scotland Ltd, has had its application to convert 17 George IV Bridge into a nine-unit a

Scotland's investment market in Q2 2023, characterised by a downturn of 35% on 2023 figures but still 6% above the five-year average, has witnessed a significant number of retail deals despite macroeconomic uncertainties, according to a review by Lismore Real Estate Advisors. The firm's review of th

Real estate advisor CBRE has finalised the off-market sale of Glasgow's historic Forsyth Building on behalf of Ambassador Group. A London-based private investor, represented by Landswood De Coy, secured the deal for £9.7 million.

Four new businesses have been confirmed as tenants at Framework, a contemporary city centre workspace on 124 St Vincent Street in Glasgow. Real estate advisor CBRE, alongside joint letting agent Ryden, secured the new occupiers on behalf of Shelborn Asset Management, owner of the 36,460 sq ft of off

A recently updated report has revealed that the City of Edinburgh Council's investment in commercial property is bolstering local businesses while generating over £15 million annually for crucial public services. The council’s revamped Commercial Property Strategy, approved by the Financ

In two separate transactions totalling nearly £40 million, two Edinburgh office properties have been acquired by FSX Holdings and Catella APAM. The properties in question, 7 Castle Street and Caledonian Exchange, form part of a growing trend of investor interest in core-plus assets in Edinburg

AM Alpha's newly refurbished landmark office development, 200 Broomielaw, has officially been launched on the Glasgow city centre market. Positioned uniquely in the heart of the city, the property sits adjacent to numerous amenities and transport links while also providing views of the River Clyde w

Scottish commercial landlords are grappling with new energy performance certificate (EPC) legislation and future decarbonisation targets, according to a report by audit, tax and consulting firm RSM UK. Increases to minimum EPC ratings have already been legislated in England and Wales, with all comme

The commercial real estate market in Scotland started 2023 on a sluggish note, with only £250 million worth of transactions, a sharp drop from the five-year quarterly average of £550m, according to a recent report by Colliers.