RYDEN has revealed it has delivered one of its strongest years to date, after completing more than 3.2 million sq ft of industrial transactions and £373 million of investment deals across Scotland.
The results are said to reflect the resilience of the market and the firm’s strengthened capability following its strategic partnership with Lambert Smith Hampton (LSH).
Ryden completed over 250 industrial deals. Major transactions included the 67,376 sq ft acquisition for Odfjell Drilling in Portlethen, the largest industrial deal in Aberdeen this year, and the 56,281 sq ft letting at 101 Centre Street in Glasgow. Ryden is also advising on more than three million sq ft of speculative industrial development across locations including Eurocentral, Clyde Gateway East, Hillington, and Edinburgh’s Sighthill, South Gyle Industrial Estates.
The firm said a major highlight of the pipeline is EDI Approach, the 60-acre masterplanned logistics development at Newbridge, where Ryden is providing ongoing strategic advice on one of Scotland’s most ambitious next-generation industrial schemes.
Ryden’s commercial investment team completed 49 transactions worth approximately £373 million. Landmark deals included the £28.55 million acquisition of the TotalEnergies logistics facility at Aberdeen Gateway, the £26.5 million acquisition of the Malt Portfolio, and the £22.15 million acquisition of Central Exchange in Glasgow, a multi-let office investment purchased on behalf of Ediston and Strathclyde Pension Fund. The firm also advised on the £35.5 million phased sale of Lower Gilmore Place in Edinburgh, including a forward-funding agreement with Legal & General.
Alan Herriot, industrial partner at Ryden, said, “This has been a year of continued significant progress for Ryden. The diverse nature of requirements, from green technology, resurgence of manufacturing, storage and distribution, seeking modern well-located industrial space remains exceptionally strong.
“This is reflected in the more than 3.2 million sq ft of transactions we have completed across Scotland. We are also seeing improving confidence across the wider market, with more decisive investor activity and a growing emphasis on high-quality, energy-efficient assets.
“Rising rental levels, constrained supply and sustained occupier demand continue to underpin the industrial sector, driving new development and major regeneration schemes forward. Our work on large-scale projects such as EDI Approach in Edinburgh, one of the most ambitious logistics developments in Scotland, demonstrates the scale of opportunity now emerging.”
