Archive for April, 2016

GPO Building, Glasgow

Friday, April 15th, 2016

Acquired for private clients for £7.2m.

The property comprises the former Post Office Building in the city centre, which is a Class A Listed Building totalling 30,000 sqft of A1 retail accommodation.

Retained to asset manage the property and have formulated and implemented a strategy to let the premises.

Successful lettings already include those to Ralph Lauren, Escada, All Saints, Benetton and Jaeger.

On the back of these lettings we have implemented a refinancing of the property to release all of our client’s original equity invested.
Current value of the scheme is circa £16m.