Scottish Widows Investment Partnership has bought a 18,632 sq ft block on Argyle Street in Glasgow for £14.2m – a 7% yield.
The block, which its multi-let to retailers including Carphone Warehouse and Footlooker and bank Santander, was bought from Redevo UK on behalf of Halifax Investment Fund Managers.
It provides an annual rent roll of £1m.
Cushman & Wakefield acted for Redevco; Jones Lang LaSalle advised SWIP.
lisa.pilkington@estatesgazette.com
