Commercial property advisor CBRE has completed the sale of an office building in Glasgow city centre on behalf of Patrizia for more than £5.5m.
In an off-market sale, 84-94 St Vincent Street - home to a range of occupiers including Pizza Punks on the ground floor, along with Interstate Hotels, Crawford & Co and Visit Scotland on the upper floors - has been purchased by a private investor.
It comprises 42,343 sq ft of office and retail space over basement, ground and seven upper floors.
Positioned within the central business district, the Category A listed building occupies a prominent location on the northside of St Vincent Street between its junctions with Renfield Street and West Nile Street.
Martyn Brown, director from CBRE, said: “It is a well-known building located in the heart of the city centre, with a range of value-add management opportunities.
“Despite the wider economic effects of the pandemic, we are seeing strong interest for quality investment opportunities from a range of buyers and expect this to continue as office workers return to the workplace.”
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