The Scottish arm of property consultant CB Richard Ellis has announced the sale of 220 St Vincent Street in Glasgow to Protego Real Estate Investors for £6 mln (EUR 6.8 mln). CBRE Scotland was acting on behalf of ING Real Estate Investment Management. The deal reflects a net initial yield of 7.75%, and is only the second deal to complete in Glasgow city centre this year, the adviser said.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
