Princes Exchange1 2639x1903
CBRE’s Investment team in Scotland advised Aerium on the £71m sale of Princes Exchange in Edinburgh to South African Investors MAS representing a net initial yield of 5.81%. This represents the largest office transaction in Edinburgh this year. The 158,000 sq ft building is located in the heart of Edinburgh’s business and financial district and is the core operational hub for the Bank of Scotland. Over in Glasgow, the team sold a prime mixed use investment on Buchanan Street, Central Glasgow for Lothbury to Ponte Gadea for £31 million. This marks the second investment Ponte Gadea has made in Scotland in the last 12 months and the sale was a watermark for yields in the city. For more information please contact Steven Newlands.