Friday, February 02, 2024
Invesco sells 4-5 Lochside Way on Edinburgh Park for £15.4m
The property comprises a detached three-floor Grade A office
Invesco Real Estate has sold the heritable interest in 4/5 Lochside Way, Edinburgh Park, to clients of Invista Real Estate Management for £15.4m, reflecting a net initial yield of 4.99%.
The property comprises a detached three-floor Grade A office constructed in 1999 which extends to 41,518 ft² (3,857 m²) plus 150 car parking spaces. The building is let in its entirety to Diageo Scotland Limited for a period of 20 years from 5 November 1999. Edinburgh Park is Scotland's premier business park.
Commenting on the deal, Simon Cusiter of King Sturge said: "We were delighted with the result achieved on behalf of Invesco. Strong demand prevails for Scotland's leading business park - we received excellent interest from UK institutions, established property companies and private individuals."
Simon Cusiter of King Sturge acted on behalf of the vendor, Invesco Real Estate, whilst Nelson Bakewell represented Invista.
Invesco Real Estate has sold the heritable interest in 4/5 Lochside Way, Edinburgh Park, to clients of Invista Real Estate Management for £15.4m, reflecting a net initial yield of 4.99%.
The property comprises a detached three-floor Grade A office constructed in 1999 which extends to 41,518 ft² (3,857 m²) plus 150 car parking spaces. The building is let in its entirety to Diageo Scotland Limited for a period of 20 years from 5 November 1999. Edinburgh Park is Scotland's premier business park.
Commenting on the deal, Simon Cusiter of King Sturge said: "We were delighted with the result achieved on behalf of Invesco. Strong demand prevails for Scotland's leading business park - we received excellent interest from UK institutions, established property companies and private individuals."
Simon Cusiter of King Sturge acted on behalf of the vendor, Invesco Real Estate, whilst Nelson Bakewell represented Invista.
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