The Scottish commercial property sector is booming. Especially in Glasgow, where Castlehill Capital were delighted to be involved in the transaction for this prime Glasgow office block.
Situated in the heart of Glasgow in St Vincent Street, adjacent to the HBOS headquarters. Approximately 40,000 square feet of recently refurbished office space. Which was an ideal asset for our client. As they target 30,000 sq ft + office blocks in cities across the UK.
Castlehill Capital were tasked with providing the senior debt in the transaction. Only a short term acquisition bridge was required until the property was included by borrower within their larger commercial property portfolio refinancing.
This forms part of the £2.5 billion that has been invested in the Scottish commercial property market last year (as highlighted in the industry website https://www.scottishconstructionnow.com/article/knight-frank-robust-year-for-investment-in-scottish-commercial-property ). Making it the best year in the sector for over a decade. In 2018, Castlehill Capital were involved in commercial property deals in Aberdeen, Glasgow, Edinburgh and Inverness.