Triuva has completed the sale of one of Edinburgh’s best-known offices, Waverley Gate, for about €75m (£63m) in an off-market deal.
The modern 217,000 sq m office building was bought from M&G Real Estate and is let to tenants including Amazon, H&M, Microsoft – which set a record rent for the city when it paid £31 per sq ft for its 15,000 sq ft of space – and the NHS.
The building, off Princes Street, had been close to being sold to TH Real Estate in April.
From April 2016: TH Real Estate to open Waverley Gate for £67m
Manuel DeVigili, head of investment management at Triuva, said: “The Brexit vote has opened a window for competitive entry prices. Further acquisitions in the UK are planned in the short term.”
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