Lismore Real Estate Advisors has advised leading German investor, Union Investment, on the acquisition of Princes Exchange & New Uberior House in Edinburgh’s Exchange District.

The buildings extend to 158,501 sq.ft and are fully let to the Bank of Scotland, with 9.5 years remaining on the leases. The annual rent of £4,203,833 reflects a low passing rate of £24.59/sq.ft.

The price of £78.6m reflects a net initial yield of 5.25%.