Lismore Real Estate Advisors have advised Hines on the sale of 229-249 Buchanan Street, Glasgow to Land Securities plc.
Situated at the northern end of Buchanan Street, the property comprises five retail units let to Sostrene Grene, Holland & Barrett, Sky and JD Sports (plus one vacant unit). The vacant upper floors extend to 41,516 sq.ft offering potential for various future alternative uses, with consent for serviced apartments.
The price of £14.25m reflects a net initial yield of c6.00%.
