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Monteith House - Commercial Property Monthly


Graham + Sibbald's Investment Department secured the disposal of the multi-let office building known as Monteith House located in the heart of Glasgow's George Square on behalf of Alliance Trust Real Estate Partners for 14% in excess of asking.

 

Monteith House is a Grade B Listed office building arranged over basement and 7 upper floors extending to 27,000 sq.ft. and let entirely to a mix of national and government tenants with a WAULT of 5 years.

 

Sandy Gilmour, Head of Investment at Graham + Sibbald who acted for Alliance Trust says: "We knew from our knowledge of the local market that Monteith House would offer an extremely attractive investment opportunity to a wide mix of local, national prop c'os and institutional funds."

Department:

Commercial

Partners:

Sandy Gilmour