23   January,   2019

DTZ Investors successfully completes disposal of two office buildings on Clydebank Business Park in Glasgow

DTZ Investors has completed the sale of Bering House and Timor House on Clydebank Business Park in Glasgow.

Clydebank Business Park is an office park situated approximately 7 miles north west of Glasgow city centre. The properties comprise two office buildings constructed in the early 1990’s providing open office plan accommodation over ground and first floors. The properties total 28,266 sq ft and are let to Clydesdale Bank Plc with lease expiries in 2024. This disposal is in accordance with the Client’s objectives as it does not meet the Fund’s strategic aim which is to invest into assets that provide diversified income streams supported by strong location fundamentals in urban environments.

DTZ Investors were advised by Cushman & Wakefield.

For more information please contact Mark Sealey.