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Glasgow Bett pay out

Bett Developments and Catren Property Holdings have sold their Kinneil House office redevelopment at 243 West George Street, Glasgow, for over £4m to Mercury Property Fund.

The building is let at £11 per sq ft to Thorburn Associates; the purchase shows an initial return to the fund of 5.6%.

The developers were advised by Jones Lang Wootton, while Edward Erdman acted for the fund.

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