Scotland’s commercial property market saw £272 million in transactions in Q2 2024, a 15% decrease compared to Q2 2023 and 31% below the 5-year average, according to Lismore Real Estate Advisors.
Energy infrastructure company Smart Metering Systems (SMS) has renewed its lease at 48 St Vincent Street in Glasgow, advised by Ryden’s office agency team.
Assetz Capital, a lender in the SME commercial property and residential development sector, has completed a £5 million commercial mortgage to refinance the ibis Styles hotel in Glasgow.
Students in Glasgow could be faced with paying close to £5,000 more for accommodation than their counterparts in Aberdeen in the next academic year, according to new data from real estate advisor CBRE.
Dalian House, once a landmark 64,000 sq ft office building in the heart of Glasgow that hosted NHS Scotland, has now been revitalised and unveiled as a 92-apartment boutique build-to-rent apartment community, financed by Maven Capital Partners.
There were 19,632 homes built (completed) and 16,404 new builds started in the 2023-24 financial year, signalling a 17% drop (4,150) in comparison to the previous financial year.