Ediston Real Estate’s joint venture vehicle with Strathclyde Pension Fund (The Clydebuilt Limited) has acquired Pacific House, Wellington Street, Glasgow, for a price of £11.35 million / 7.68% NIY. The office is over ground and 5 upper floors with floor plates ranging from 3,800 sq ft to 8,000 sq ft.
The property is multi let with one vacant suite totalling 3,800 sq ft and provides the Partnership with an excellent opportunity to take advantage of the current shift in the Glasgow office core, which due to the levels of development is moving south towards the Pacific Quay area.
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