Commercial Property News

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Friday, August 24, 2023

Tods Murray act on behalf of Oppenheim

Tods Murray have acted on behalf of Oppenheim Property Asset Management Limited in the Scottish end of the acquisition of a portfolio of properties from HBG Properties Limited. The Scottish properties are Interpoint, Haymarket, Edinburgh (presently in the course of construction) and Apsley House, Cadogan Street, Glasgow (for which planning permission was recently obtained for its redevelopment).

Interpoint was acquired on behalf of Oppenheim's Eurim Fund and Apsley House for IVG?s Core + Office Fund. HBG will continue to act as project managers in developing and letting the buildings. The Tods Murray Team consisted of Partner, Douglas Moffat and Associate, Shona Smans.

Douglas Moffat commented: "This was an extremely complex transaction involving several jurisdictions, funds and legal firms and very tight timescales. It is gratifying that Oppenheim had the confidence in the Scottish office market to make such a major acquisition at such a difficult time for the market generally".