The Hunter portfolio comprises five office buildings totalling 91,858 sq ft, including traditional open plan offices, single-storey pavilions, and serviced offices. Existing tenants include Scottish Ministers, GE Energy and Schenker.
Located between Glasgow City Centre and the Airport, Hillington Park provides around four million sq ft of business space is home to more than 500 businesses.
Ian Dougherty, Investment Partner at Ryden, commented on this transaction:
"This portfolio sale is the final stage in Frasers Property's strategy of selling its office assets in Hillington Park, following previous sales of Merlin Business Centre and Carlson House.
"The focus is now on new industrial development as evidenced by the ongoing schemes at Hillington West 100 and 200."
Martyn Brown, director at CBRE, said:
"HKIP has made a considerable investment into Hillington Park, demonstrating that despite the effects of the pandemic and political headwinds, there continues to be robust investor interest for good quality assets in the Scottish marketplace."
Ryden acted on behalf of Frasers Property in this sale, whilst CBRE represented purchaser HKIP.