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Scottish commercial property investment volumes up 62% yoy

Christian Fernsby |
According to Savills, total investment into Scottish commercial property during H121 reached over £770 million, reflecting a 62% increase on the figure recorded for the same time period last year.

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In addition, the international real estate advisor notes that with a further £490 million currently under offer, the year end investment figure for Scotland is on track to meet or even surpass the pre-covid levels of £2.62 billion recorded in 2018.

Savills reports that the office sector accounted for nearly 40% of total investment volumes in Scotland at £295 million, with Edinburgh accounting for 36% and Glasgow 27% of that.

Despite the large volumes of available capital for the industrial sub-sector, only £82 million (11%) was recorded in the industrial sector, although Savills notes this is down to a lack of stock as opposed to a lack of investor appetite. Whilst investment into high street retail continued to remain low, the out of town retail sector has seen renewed interest due to its strong performance during the pandemic and long-term fundamentals.


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