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.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
