Lismore Real Estate Advisors has advised Swiss Life on the sale of a solus retail warehousing unit located in Edinburgh city centre.
Completed in 1987, the property comprises a detached warehouse of 41,000 sqft on a 3.28 acre site, let in its entirety to B&M Retail Limited on a full repairing and insuring lease until September 2029.
The property was purchased by a private investor for approximately £6.80 million which reflected a NIY of 7.29%.”