Prime city centre asset secured in Glasgow
DTZ Investors has completed the purchase of 122-128 Buchanan Street, Glasgow for £9.36m from Royal London, reflecting a net initial yield of 4.2%. The retail units are let to Swatch and Scribbler for an average term of 9 years and provide a total rent of £417,500 p.a. DTZ Investors were advised by Ryden and Eric Young & Co and the vendor, Royal London, advised by Sheridan Property Consultants.
For further information please contact Karun Duggal.