Translate this site

enzh-CNzh-TW

Raeside Chisholm Solicitors

The directors of Raeside Chisholm are experienced solicitors who enjoy a deserved reputation in Glasgow and beyond for personal attention allied to a commitment to outstanding levels of quality legal services. For enquiries, please contact us on 0141 248 3456.
2 minutes reading time (369 words)

More than £2.5 billion invested into Scottish commercial property during 2018

According to the latest figures from Knight Frank, recent investments into industrial property, office and retail space have now led Scotland’s commercial property sector to have one of its most active years yet, with £2.5 billion worth of investment.

Outperforming the five-year average, UK funds increased Scotland’s investments by 58%, jumping from £487 million to a total of £771 million. This was a substantial 255% rise on the low of 2016 (£217 million). Investors from overseas were the most prolific purchasers in Scotland, accounting for 36.8% (or £920m) of the total figure.

£897 million spent on offices in Aberdeen, Edinburgh and Glasgow

Around two-fifths, (£1 billion), was invested in offices around Scotland – with Aberdeen, Edinburgh and Glasgow accounting for £897 million of the money. Retail investment, on the other hand, fell from £665 million in 2017 to £550 million in 2018, reflecting similar trends seen throughout the UK.

Glasgow offices hit its highest level of investment in more than a decade at £468 million. This was down to large development deals at Finnieston’s Skypark campus, the acquisition of Atlantic Square on the Broomielaw, and Legal & General’s purchase of Atlantic Quay 3 for £50 million.

The Aberdeen investment market also saw £145 million worth of investment in 2018, however, this was predominately made up of one large sale; the £114 million deal for Aker Campus at Dyce.

Further research from Savills found Edinburgh’s office take-up was 950,000 sq ft in 2018. Some of the key deals included Baillie Gifford pre-letting 60,000 sq ft at the Mint Building and Royal London leasing the entire 47,000 sq ft of 22 Haymarket Yards. Despite last year's total being 18 per cent higher than their ten-year average, the figure indicated a slight drop compared with the previous year, when take-up in Edinburgh exceeded 1.04 million sq ft.

Head of Scotland Commercial at Knight Frank, Alasdair Steele, concluded:

“It was a solid year for Scotland as we saw UK funds return to the market and overseas investors maintain their high level of interest.”

Contact our Commercial Property Solicitors Glasgow, Scotland

If you need specialist legal advice about commercial property in the Glasgow area, speak with one of our friendly and qualified commercial property solicitors today via the online contact form.

Half of Scotland's house purchases are made by fir...
£200m proposal approved for rental homes in Glasgo...

Online Enquiry

  1. Name(*)
    Please let us know your name.
  2. Email(*)
    Please let us know your email address.
  3. Daytime Tel. No.
    Please enter your daytime telephone number.
  4. Subject(*)
    Please write a subject for your message.
  1. Message(*)
    Please let us know your message.
  2. Please tick below for antispam verification (*)
    Invalid Input

Latest News

19 July 2019
Commercial
The commercial property sector experienced a sharp fall in the value of sales during the first quarter of this year, according to a new report.Between January and March 2019, commercial sales in Scotland totalled £763 million; an increase of seven pe...
04 June 2019
Family Law
The Scottish parliament has voted by an overwhelming majority (80 votes to 29) in support of banning the physical punishment of children.The bill, which was lodged by the Scottish Green MSP John Finnie, removes the defence of ‘justifiable assault’ fr...
22 May 2019
Estate Agency
Residential properties in Scotland are taking an average of 12.57 weeks to sell compared to 16.11 weeks in England and Wales – representing a 28.16 per cent difference, recent figures reveal.The data, which was conducted by Property Solvers, discover...
09 April 2019
Family Law
Scottish couples married in humanist ceremonies have a higher chance of avoiding divorce than those who get married in a Church of Scotland, Roman Catholic or civil ceremony, according to recent figures.The Scottish Courts and Tribunals Services...
19 March 2019
Estate Agency
There has been a 56 per cent rise in first-time buyers (FTBs) in the last decade, from 22,100 in 2008 to a total of 34,519 last year, according to the latest Bank of Scotland First-Time Buyer Review.Those taking their first step onto the propert...
31 January 2019
Commercial
According to the latest figures from Knight Frank, recent investments into industrial property, office and retail space have now led Scotland’s commercial property sector to have one of its most active years yet, with £2.5 billion worth of ...

As featured in

Latest Tweets

Connect with us

Recent Client Comments