Mon, 19 Mar 2012 | COMMERCIAL PROPERTY
The Waverley Gate office development in the centre of Edinburgh is to go on sale, according to reports.
The landmark office development was bought by Highcross after the developer went into administration in 2009 and a report in The Scotsman has suggested it is now to go on sale for up to £50 million. Highcross bought the offices for £35 million but redevelopment is thought to have cost up to £100 million.
It is understood that the property will go on sale in May. The former General Post Office building is occupied by many high-profile tenants including the NHS and Amazon. It is also believed that another deal is in the pipeline which would see remaining offices rented out.
Jamie Fergusson, a deputy associate director of property agents at DTZ’s investment division in Edinburgh, told The Scotsman that the property would be a “barometer to the commercial market climate” and that it could attract investors back to the regional office investment market.
He is quoted as saying, “This deal may just be the one to bring institutional interest forward for regional offices in the UK.” He added that the property is in a great location and offers “attractive revised rents”. He said he expected the opportunity to be in demand.
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.