“Record” investment in Scottish commercial property market

Chris Macfarlane

SCOTLAND’S commercial property market enjoyed record investment figures for the the first nine months of 2018, new research has revealed.

Figures released by JLL stated that a total of £1.8 billion was invested across all sectors in Scotland in the first three quarters of the year – up 46% compared with the same period in 2017.

Major deals have included the sale of Atlantic Quay in Glasgow, an office block which sold for £54.75 million to overseas clients of Darin Partners, and Aberdeen Standard Investments purchase of the M8 Industrial Estate in Coatbridge for £24.75 million.

Chris Macfarlane, director – capital markets, for JLL in Scotland said, “The renewed momentum we saw across the summer has carried through to the third quarter, and the prospects for a strong finish to the year look encouraging. There has been a better flow of available stock as sellers seek to capture some of the momentum in the market before the year end and the prospect of a more subdued 2019.”