Our Property Investment team has completed the £23 million purchase of a landmark office building in Edinburgh’s Quartermile on behalf of AFIAA. The development forms part of the World Heritage Site near the centre of Edinburgh. AFIAA Foundation for International Real Estate Investments own prime real estate throughout the world, with this deal representing AFIAA’s first acquisition in Scotland and their second in the UK.
The seven storey block includes six floors of high quality office space with retail and leisure provision at ground level. Car Parking provision is located at basement and lower basement levels.
Harper Macleod’s Property Investment team is based in Glasgow and led by David Bell. The deal is a significant one for the Scottish property investment market and David is delighted to have had the opportunity to work with AFIAA. David was assisted by Ross Linn with specialist support provided by Michael Conroy (Construction) and Lee Murphy (Planning).