Rolls-Royce and Heathrow Airport sign for Glasgow office

Regional REIT has signed two new tenants at Lightyear, an office it owns close to Glasgow Airport. Heathrow Airport has taken 15,121 sq ft on a 15-year lease, while Rolls-Royce has leased 15,116 sq ft for 10 years.  The latest deals mean the office is more than 90% let with annual rental income of £1.3m. Other tenants include Scottish airline Loganair, housebuilder Taylor Wimpey and agricultural supplier Cefetra. Stephen Inglis, chief executive of asset manager London & Scottish Property Investment Management, said: “The grade-A office space is in a prime location in a key regional hub. The asset manager improved the attractiveness of the asset dramatically through several asset management initiatives, a key focus for the company across the portfolio.”