Ryden Investment team in Edinburgh has advised an overseas investor on the successful off market acquisition of The Malt Portfolio from Cedarwood Asset Management for a price in excess of £26 million. Galbraith acted on behalf of the seller in this transaction.
This deal is also the latest in a series of industrial investment transactions completed by Ryden, advising on over £70 million of industrial investment deals across Scotland in recent months.
The Malt Portfolio comprises circa 300,000 sq ft across 37 units within 6 modern multi-let industrial estates located throughout central Scotland, locations including Livingston, Bathgate, Dunfermline, Dundee and Ayr.
At the point of sale, the portfolio provided a 98% occupancy level to a selection of high quality tenants, generating an annual rent roll of just under £2 million.
Cedarwood acquired the portfolio in 2018, adopting a proactive asset management strategy with two previous, opportunistic asset sales in Dunfermline and Aberdeen taking place in 2021 and 2024 respectively.
The acquisition underlines continued investor appetite for the multi let industrial assets in Scotland, which is benefiting from robust occupier demand, strong rental growth and sustained low vacancy rates.
Galbraith acted on behalf of the vendor, Cedarwood Asset Management, with legal advice provided by Morton Fraser MacRoberts.
