GLASGOW-PRUPIM and Mountgrange Real Estate Opportunity Fund (MoREOF) have acquired 1 West Regent Street near Queen Street station in Glasgow. The development site was sold by Duddingstone House (Renfield Street) Limited. Sir Robert McAlpine has been appointed to construct the 10-story building on the site.
The new scheme, expected to cost GBP 60 million, will provide roughly 143,000 square feet of office and retail space. Mountgrange will manage the development, which is scheduled to be finished in December 2014. For the full story, go to Europe Real Estate .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
