Commercial Property

Scottish businessmen brothers Sandy and James Easdale have acquired the c. 60,000 sq ft EE contact centre in Greenock for a seven-figure sum. The purchase comes as EE prepares to relocate its 450 staff to Glasgow by November.

Scottish Enterprise has launched a £35 million Manufacturing Property Challenge Programme for prospective developers of manufacturing property to create one million sq ft of new industrial space to increase innovation and Scotland’s attractiveness to inward investors. The initial phase w

More Edinburgh occupiers decided to "stay put" rather than taking new office space during the second quarter of 2024, with regears outpacing new leases, according to figures from Knight Frank.

Investment in Scottish commercial property dipped during the first six months of 2024, as uncertainty over interest rates caused investors to take a pause for thought in Q2, according to new figures from Knight Frank. The independent commercial property consultancy’s analysis of RCA data found

Aberdeen's commercial property market has received significant inflows in the first half of 2024, reaching its highest investment level since 2018, according to Knight Frank.

Edinburgh-based renewable energy company Red Rock Power has become the latest tenant to commit to a long-term lease at 30 Semple Street. The office development, being undertaken by Corran Properties Limited on behalf of CBRE Investment Management, will complete later in 2024.

Funders are out in force and looking for opportunities as the commercial property sector in Scotland once again demonstrates its resilience, writes Ian Woods as he analyses trends in various sectors and critiques government policies. This time last year, it would have taken a large amount of br

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.