ABERDEEN, UK-Rockspring Property Investment Managers has purchased Riverside House, a multi-tenant office building in Aberdeen, for GBP 11.5 million at a gross initial yield of 8%. The firm acquired the property for The Cheshire Pension Fund.
Riverside House, built in 2002, comprises 52,745 square feet of rentable space. The property is fully leased to AWG Business Centres Ltd., Scottish Ministers and Talisman Energy. FG Burnett represented Rockspring in the deal. For the full story, go to PropertyMall .
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