Edinburgh's office market is showing resilience in the face of economic headwinds, with office space take-up rising to 334,510 sq ft by the end of Q3 2023 – a 25% increase on last year’s figure, according to Savills.
Commercial Property
Occupier demand for Scotland's commercial property market has stagnated in the most recent quarter, as per the Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor.
An office building in East Kilbride, close to Glasgow, has been snapped up for £4.3 million, following intense bidding. The property, Orbital House, is situated in Peel Park business park, the largest town in Scotland, and was purchased by an investment entity backed by HKIP. The acquisition w
Real estate advisor CBRE, on behalf of the landlord Signal Capital, has successfully facilitated a ten-year lease agreement for Scottish Daily Record and Sunday Mail Limited, a Reach Plc subsidiary, at 55 Douglas Street in Glasgow. The new occupier as taken the entire first floor of 55 Douglas Stree
Despite a summer dip in take-up, Edinburgh's office market has begun "moving in a positive direction" as organisations recognise the post-pandemic advantages of maintaining a central hub for employees, according to Knight Frank.
Logistics firm Rix Shipping (Scotland) Ltd has announced it is set to inject over £3 million into Montrose's local economy, reinforcing its longstanding presence in the region.
The third quarter of 2023 has seen continued momentum in Scotland’s major office markets in Glasgow and Edinburgh, despite prevailing economic pressures, according to the latest figures from real estate advisor CBRE.
Knight Property Group has secured a significant deal at its £20 million landmark green office building in Edinburgh Park, with Lumacron Technology having moved its headquarters to 4-5 Lochside Avenue, in Edinburgh Park.
On behalf of the joint administrators, Alistair McAlinden and Blair Nimmo, property firm Christie & Co has brought to market the former premises of Le Chardon d’Or Limited, which previously operated as a fine dining restaurant in Glasgow. Located in the city centre, Le Chardon d’Or p
Global real estate advisor CBRE, in partnership with Graham and Sibbald, has unveiled to the market a new Aberdeen office development, The Apex, situated in Dyce. The building, which recently featuring in the film “Tetris”, is undergoing extensive refurbishment works.
Edinburgh's George Street has shown remarkable resilience with a surge in rental prices and a rapid decline in vacancies.
Scottish property firm SRE Group, formerly known as Standard Real Estate Ltd, has confirmed two fresh lettings at 10 Bothwell Street in Glasgow's city centre. Crondall Energy Consultants, an independent consultancy for offshore energy projects, and DA Calder, an independent financial adviser of
Global real estate advisor CBRE has been appointed to sell a cinema portfolio, which encompasses eight establishments across the UK. One of the cinemas is in Clydebank, with the others located in other parts of the UK.
In the second quarter of 2023, Scottish commercial property experienced a surge in investment, reaching £320 million, according to Colliers' Scotland Snapshot. This is a significant rise from the £250m of Q1, yet it remains 35% lower than the five-year quarterly average of £490m. T
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