Commercial Property Solutions

Lettings & Sales Case Studies

Property
Tanfield, Edinburgh
Property: Tanfield, Edinburgh
17,742 sq m office development
Client: The Carlyle Group
  • Let 1,588 sq m to the rebranded AECOM, previously known as Faber Maunsell and incorporating EDAW and Davis Langdon, who relocated from several buildings within the city into one. AECOM took a 15-year lease in the building.

  • Acting as retained agents let 1,709 sq m to Craneware, a specialist software company for the hospital and health care industry; 1,115 sq m to thetrainline.com; and 1,607 sq m to FNZ, a leading IT software company in the wealth management sector.


Verity House, Edinburgh
Property: Verity House, 19 Haymarket Yards, Edinburgh
1,571 sq m refurbished office
Client: The Pension Trust
  • Refurbished the property creating three modern open plan office suites.
  • Subsequently let the whole of the building to COSLA on a 20-year lease.
  • Sold the investment to The Lime Fund c/o Aviva Investors for £5.4 million, reflecting a net initial yield of c. 5.42%.
  • Act as property managers for the building.

HQ1, South Gyle, Edinburgh
Property: HQ1, South Gyle, Edinburgh
9,051 sq m new build office
Client: PPQ Developments
  • Sold the newly built Grade A office to Tesco Bank for owner occupation. This was one of the largest office property deals in Edinburgh of that year.


One Waterloo Street, Glasgow
Property: One Waterloo Street, Glasgow
5,477 sq m Grade A office
Client: Stockland
  • Advised on the sale of the entire building, within which CBRE had already leased 560 sq m, to Scottish & Southern Energy for owner occupation.


Broadway One, Glasgow

Property: Broadway One, Glasgow
11,737 sq m Grade A office building
Client: IVG Development (UK) Ltd & Ediston Properties Ltd
  • Let the building to Tesco Personal Finance within three months of its practical completion. This deal is understood to be the largest letting of a speculative building in Glasgow in over 30 years. The building’s large floorplates and environmental sustainability were two of the key features of its design.

 

Excelsior Park

Property: Excelsior Park, Wishaw
2,323 sq m light industrial unit
Client: SCOT Sheridan
  • Let the unit to F&P Wholesale who supply heating, plumbing and bathroom products to the trade.
  • Achieved £5.50 per sq ft on a 10-year lease.
  • Promoted the golden contract incentives resulting from the Park's former classification as an Enterprise Zone and attracted the Leicester-based tenant to select this location for its first Scottish outlet.

iQ Building, Aberdeen
Property: iQ, Justice Mill Lance, Aberdeen
11,613 sq m six storey speculative office development
Client: Hazledene
  • Advised on the design of the city’s largest and most innovative speculative office development.
  • Secured high profile lettings to Centrica and Woodgroup for the entire building.
  • Set a record rent for Scotland of £31 per sq ft.
  • Advised on the onward sale to Aerium for £50m, reflecting a net initial yield of 6.5%.
  • Retained as property mangers for the development.


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