Hillington Park, Glasgow
Advised Oaktree/Patrizia on the acquisition of Hillington Park which comprises c. 2,002,087 sq ft of industrial and office accommodation with 27.5 hectares of development land, producing a rent roll of £9.5m per annum.
How was Ryden pro-active?
Ryden's industrial agency and investment teams worked closely to provide in depth market research to assist with the purchase of the Hillington estate. This included the collection, collation and analysis of data for a 10 year period to reveal trends in supply and demand and to assist with future forecasting of demand and likely completing supply. Market transactions were analysed along with a review of the existing tenants and their likely future needs.
Oaktree/Patrizia acquired Hillington Park as one of three assets in the £430m Hermes business park portfolio and our industrial team was retained to act as letting agent.