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St Martins buys Glasgow offices for £13m

St Martins Property Group has bought 150 St Vincent Street in Glasgow for nearly £13m from LNC Properties.

The 66,837 sq ft (6,209sq m) office is let to Cornhill Insurance and The Scottish Ministers.

Nigel Brown, senior executive director at St Martins, said: “We view the purchase as a long term hold offering scope for enhancement in the medium term.”

Jones Lang LaSalle advised St Martins and Insignia Richard Ellis acted for LNC.

EGi News 19/11/01

 

 

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