Background and Opportunity
- Acquisition from an institutional seller of an 8 storey office building totalling 62,500 sq ft with a strong yield of 8.7%, that had been largely sub-let by the immediate tenant
- Business plan to convert the sub-leases to direct leases and re-gear the income towards growing Edinburgh rents
Transaction Progress
- Vacant possession now obtained and property being marketed as a development opportunity
Current Status
- Currently marketing for sale
