Leading Scottish developer, Knight Property Group, has completed the off-market £31m sale of 4North in Edinburgh to a German institutional investor, managed by KanAm Grund.
The 41,500 sq.ft. office building was redeveloped by Knight and pre-let to Computershare at £1.43m per annum.
The sale price reflects a net initial yield of 4.33% and indicates positive sentiment for prime assets, even during the current challenging environment.
Lismore Real Estate Advisors provided sale advice to Knight Property Group.