Capita's office building at 145 Morrison Street in Edinburgh has been acquired by Topland.
The privately-owned, London-based investment group also bought Citygate II in Newcastle from The Ediston Property Investment Company for £31.4m.
The Edinburgh asset is located in the financial services district and has around 26,900 sq ft of office space over four floors.
The building is entirely let to Capita until July 2030 at a total passing rent of £740,000 per annum, reflecting a rental rate of £27.50 per square foot.
The building was acquired for £12.06m, reflecting a net initial yield of 5.80%.
Savills acted for Topland on the acquisition, while Allsop acted on behalf of the seller.
Sol Zakay, chairman and chief executive at Topland, commented: “These are quality assets, very well located in dynamic office markets, they provide a strong tenant base and also offer optionality in terms of investment strategy.
“These latest acquisitions come off the back of a very busy year for Topland, on the equity side we have deployed over £240m in 2021 - our investment strategy continues to be deal-led with single and multi-let investments across the retail, industrial and office sectors.”
Separately, Akela Construction has secured a £6m contract to build 149 new homes in East Lothian.
This is its second consecutive house building contract at the Ravensheugh site in Wallyford.
Taylor Wimpey East Scotland appointed Akela to deliver the second phase of the Ravensheugh development following its completion of 69 homes in phase one.
The latest phase will see Akela construct 149 two, three and four bedroom homes in a mix of detached, semi-detached and terraced styles. Work started on phase two in November.
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