Privately owned regional investor Greenridge has made a pair of Scottish acquisitions, including the NHS headquarters in Edinburgh, for £52.9m.
The firm has bought Gyle Square, 1 South Gyle Crescent in Edinburgh, from a private UK syndicate for £48.3m – a yield of 5.75%.
The 148,704 sq ft building is let to NHS Scotland and generates £2.9m annually. JLL acted on behalf of the purchaser.
The company also acquired Finwick House, in Glasgow’s Hamilton Business Park, for £4.7m – a yield of 6.5%.
The 23,814 sq ft office block is let to Carillion, which was also the vendor. Bilfinger GVA acted on behalf of Greenridge.
There has been a flurry of high-profile investments in the Scottish market in recent months despite Brexit concerns.
South Korean investor Hyundai Marine & Fire Insurance made its Scottish debut in Edinburgh, purchasing Aerium’s New Uberior House and the adjoining Princes Exchange in an off-market deal for more than £70m.
Deka Immobilien purchased the Atria scheme from Edinburgh Council for £105.25m; German fund Triuva bought M&G’s Quartermile Four in Edinburgh for £68m, and TH Real Estate acquired Waverley Gate for close to £67m.
