Property investment and development firm Wirefox has grown its Scotland portfolio with the purchase of a Scottish government building in Edinburgh for £18m.
Silvan House, which includes almost 90,000 sq ft of prime office space, is on the south side of Corstorphine Road – the main arterial route connecting Edinburgh city centre with West Edinburgh.
The acquisition follows Wirefox’s purchase last year of the Southergate Centre, a major retail-led asset in Dumfries town centre.
Michael Wright, director of asset management at Northern Ireland-based Wirefox, said: “This purchase comes during an exciting period for Wirefox, as we seek to build further on the stellar pedigree we have established as a leading property investment and development firm.”
Wirefox recently bought the five-storey home of Bittles Bar in Belfast city centre and revealed plans for an office development on the site.
Last year the firm acquired two other significant Belfast city centre office developments – Oxford and Gloucester House and Longbridge House.
Derek Paterson of DPL, a specialist investment property adviser, acted for Wirefox in the purchase of Silvan House.
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