LISMORE Real Estate Advisors advised abrdn on the £13.965 million sale of South Gyle Trade Park in Edinburgh to Rossco Properties (Edinburgh) Ltd.
Set on a site of 12.31 acres, the multi-let estate is split into four distinct components, with an overall floor area of 139,650 sq ft.
Comprising 18 terraced and solus trade park units, three light industrial units and a single office building, the park also fulfils a ‘last-mile’ function, given its ‘strategic location and excellent connectivity’.
The park has a diverse mix of tenants including Network Rail, Thistle Timber & Building Supplies, Wolseley, D&G Autocare, Geo Amey, Martin Plant Hire, Dofos and CityFibre.
Colin Finlayson, director of Lismore, said, “Unbroken prime industrial assets such as this in Edinburgh are rare and the sale generated competitive bidding from a wide range of investors. The sale price achieved highlights positive market sentiment for prime multi-let industrial and trade park assets.”
As spokesperson for Rossco added, “Rossco already has a substantial property investment portfolio, so this asset represents both an income and capital growth play in the Central Belt’s prime industrial, distribution and trade park market. We are actively hunting for similar suitable opportunities.”
