| Property: | The Bridge, The Royal Mile, Edinburgh Two retail units, two restaurants, a banking hall and five star Missoni Hotel |
| Client: | SWIP Property Trust |
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Advised on the acquisition of The Bridge. The sale generated significant interest and attracted bids from a mix of UK institutional investors, property companies and overseas investors.
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Successfully secured the purchase at £41m, reflecting a net initial yield of 6%. This was one of the most significant investment sales in Edinburgh of that year.
| Property: | Talisman House,163 Holburn Street, Aberdeen 8,915 sq m Grade A office building |
| Client: | Danmerc Ltd |
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Advised on the acquisition of this high profile building following the administration of the landlord.
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Secured the property for £26.5m, reflecting a net initial yield of 7.14%. The building is leased to Talisman Energy UK Ltd until 2025 at an annual rent of £2m, with fixed rental uplifts every five years.
| Property: | Exel Tradeteam, Gateway Glasgow, Cambuslang 12,592 sq m high quality distribution facility |
| Client: | PRUPIM |
- Advised the M&G Property Fund c/o PRUPIM on the acquisition of the heritable interest of the Tradeteam distribution investment at a purchase price of c. £12.1m. This is a high specification facility situated on a site of 15 acres with 4,645 sq m expansion platform.
- Let the property to Tradeteam Limited with a guarantee from Exel Holdings Limited on FRI terms expiring 2027.
