Webster joins Dowley Turner
Mark Webster, Cushman & Wakefield’s co-chair of EMEA logistics and industrial, is leaving the firm after 10 years to join Dowley Turner Real Estate.
Webster is the second big name to join the firm in successive weeks, following David Emburey, JLL’s lead director of portfolios.
ADIA offers Saltire Court
Abu Dhabi Investment Authority has put Saltire Court in Edinburgh up for sale for £69m – a 6.54% yield.
The Middle Eastern sovereign wealth fund’s asset manager, Aberdeen Asset Management, has appointed Cushman & Wakefield to market the 180,000 sq ft office building.
Davidson Kempner parks it
Davidson Kempner has fought off competition from Centerbridge to buy the £500m NCP portfolio after Blackstone and Royal Bank of Scotland put the 88 car parks up for sale in May.
Knight Frank acted for Blackstone and RBS; Cushman & Wakefield advised Davidson Kempner.
Spirits firm gives Glasgow a shot
International spirits company Edrington is moving its world headquarters to Esson Properties’ 100 Queen Street in Glasgow.
The producer and distributor of the Macallan, the Famous Grouse, Highland Park and Cutty Sark Scotch whiskies and Snow Leopard vodka, will occupy the top four levels, a combined 29,890 sq ft.
Knight Frank acted for Esson; Mark Allan Property Consultants advised Edrington.
RBS buys Coutts’ WC2 offices
RBS has bought the London headquarters of Coutts, the Queen’s private bank, for £198m – a yield of 4%.
The 180,480 sq ft property, at 440 Strand, WC2, is part of the Henderson Global Investors’ UK PAIF Property and PAIF Feeder Fund, and was marketed by Michael Elliot on behalf of TH Real Estate.
Cushman & Wakefield represented RBS.
