Abrdn has sold the South Gyle Trade Park in Edinburgh to Rossco Properties (Edinburgh) for £13.965m.
The 139,640 sq ft trade park comprises 18 terraced and solus units, three light industrial units and an office building on a 12.31-acre site.
Colin Finlayson, director of Lismore, which advised abrdn on the sale, said: “Unbroken prime industrial assets such as this in Edinburgh are rare and the sale generated competitive bidding from a wide range of investors. The sale price achieved highlights positive market sentiment for prime multi-let industrial and trade park assets.”
A spokesperson for Rossco added: “Rossco already has a substantial property investment portfolio, so this asset represents both an income and capital growth play in the central belt’s prime industrial, distribution and trade park market. We are actively hunting for similar suitable opportunities.”
