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Friday, October 20, 2023

Invista Real Estate concludes 8m deal on Kirkton Campus

GVA Grimley and JA Pollock, acting on behalf of Invista Real Estate, have concluded a 8.36 million deal to sell several multi-let properties at Kirkton Campus, Livingston, to Granite Edge Ltd.

The property was originally bought by Invista, formerly known as Insight Investment and one of the largest real estate fund management groups in the UK, in 2003 as part of the 140m Mackenzie portfolio.

The sale to Granite Edge, which concluded this week, includes 2-3 Michaelson Square, 1-4 Bain Square, Fleming House and two development sites extending to over two and a half acres. The property was worth over 440,000 to Invista in rental income per annum, and has been sold to allow the company to concentrate on alternative opportunities.

Commenting on the deal, Ewen White, agency associate at GVA Grimley, said: ?Kirkton Campus is one of the most high profile business and technology parks in Scotland, so a number of parties came forward to express interest when these properties went on the market. We are pleased to have now concluded a deal with Granite Edge and are sure Kirkton Campus will prove to be a sound investment for them.?

Granite Edge was represented in the sale by DM Hall.

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