LNC Property Group has paid Morley Fund Management £19.5m for the Intelligent Finance head office (pictured) at 8 Lochside Avenue, Edinburgh Park, in the Scottish capital.
The deal reflects a net initial yield of 6.3%.
Built three years ago, the scheme comprises 56,344 sq ft (563,445 sq m) of space over four floors, with 221 car parking spaces.
The building is let to Halifax and occupied by its Intelligent Finance subsidiary.
Halifax pays £1.3m pa, on a lease which runs until 2015.
King Sturge advised LNC, while FPDSavills acted on behalf of Morley Fund Management.
References: EGi News 19/06/03
