Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Ashtenne is claiming the largest industrial investment deal in Scotland this year, buying Helical Bar’s Scottish industrial portfolio of over 420,000 sf across central Scotland.

.Ashtenne paid £15.1 million ($21.4 million) for the portfolio, currently producing £1.6 million ($2.27 million) per annum to show initial yield of just under 10%. Helical Bar bought most of the properties two years ago from Scottish Enterprise for £13.4 million ($19 million) and over that period it has managed the properties to increase the annual income by £250,000 ($350,000) per annum.

Chris Macfarlane, partner at King Sturge who advised Helical Bar said: ‘We received significant interest during the marketing of this portfolio, further highlighting the potential for excellent performance from Scottish industrials’.

Ashtenne was represented by Insignia Richard Ellis.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.