Scottish uprising

How will the credit-crunch, stock market jitters and profit warnings affect the Scottish market in the coming months? Softening yields and rental growth are predicted for Edinburgh and Glasgow.

Henderson buys Scottish Retail Park

Henderson Global Investors has bought Central Retail Park in Ayr, southwest Scotland, for £3.55m. Property investor, WG Mitchell, sold the 15,200 sq ft second phase into Henderson’s MRC Pension Trust at an initial yield of 5.94%.