Major Scottish industrial investment sold for millions of pounds
Cedarwood Asset Management successfully completed the development of a 42,000 sq ft industrial/distribution unit with high ESG credentials, which was later leased to DFYNE, a rapidly growing athleisure brand in the UK. The property, located at 2 Ellismuir Way, was let to DFYNE for a 10-year lease at an annual rent of £392,000. The investment was then marketed and sold to Columbia Threadneedle. Galbraith, the investment partner at Cedarwood, expressed satisfaction with the successful transaction, highlighting the outstanding product created by Cedarwood. Morton Fraser MacRoberts provided legal advice for the deal, while Tribridge represented Columbia Threadneedle. The newly developed unit boasts several environmentally friendly features, including an A-rated energy property certificate, six electric vehicle charging points, photovoltaic panels, LED lighting, and VRV energy-efficient air conditioning. These features contribute to the high ESG credentials of the property. Tribridge, the managing director of Tribridge, expressed delight in advising Columbia Threadneedle on the purchase, emphasizing the secure income and guaranteed rental performance provided by the property. In summary, Cedarwood Asset Management developed a high-quality industrial/distribution unit with strong ESG credentials, which was leased to DFYNE and later sold to Columbia Threadneedle. The property s environmentally friendly features and guaranteed rental performance make it an attractive investment for Columbia Threadneedle.
Source: heraldscotland.comPublished on 2024-09-14
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