commercial property lambert smith hampton

Our work - 09/01/2019

St. Vincent Plaza: purchase of a 172,307 sq ft office property in Glasgow

An off-market deal between Starwood Capital and Abstract Securities Ltd

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Bringing together both parties, we facilitated the purchase of the 172,307 sq ft office property in a deal worth over £73m – a 10% discount to market value due to the legal complexities and vendor’s very specific requirements.

With a shortage of Grade A office space within Glasgow city centre, the two vacant floors within St. Vincent Plaza provide all of that availability. The acquisition gives Starwood a strong position to take advantage of the constrained supply in the market.

 

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