25th August 2014 back to news

G+S Investment Update

Investment Growth and New Appointment


The first half of 2014 has been extremely successful for the Investment Team.  Over the past six months the firm has transacted £30.7 million of stock, over a wide range of property sectors and, with a further £4 million (retail and office) in the pipeline, this represents 24% increase in volume of the previous high of £28 million (2013).


Sandy Gilmour, Investment Specialist, says: “One notable transaction was the sale of the Quintiles Research & Development facility within Livingston’s Alba Campus.  This sale marked the end of an eight year involvement for Graham + Sibbald having acquired the site, secured planning consent for the 114,000 sq ft office and industrial facility, and negotiating the pre-let to Quintiles, the pharmaceutical giant.  The sale was concluded in June to Ambassador Group at a price in excess of £20 million.


Graham + Sibbald has been brought in by a UK Fund to provide investment and agency advice on a number of high profile acquisitions, totalling c.£75 million on various opportunities in Aberdeen.”


The firm has recently appointed Graeme Millar to work within the National Investment Department having spent his previous seven years working across the Commercial Agency and Professional Departments, within Edinburgh.


Graeme Millar says: “I am delighted to begin working within the Investment Department at this early stage and look forward to actively participating in the future growth of this specialist team and developing my own client base over time.”


Les McAndrew, Managing Partner, Graham + Sibbald, comments: “The investment business has steadily gained momentum over the past two and half years and forms a vital part of our strategy for growth.  The partnership therefore felt it was appropriate to bring Graeme into the team at the early stages of his own and the team’s development.”