VCM Global Asset Management, advised by CuthbertWhite, helped boost Edinburgh office investment activity in 2022 with a deal to acquire the asset despite some turbulent market conditions. The deal concluded in December 2022 for £18.6m, which showed a net initial yield of 7%. We look forward to working with the client to further re-position this asset following the introduction of some of the most comprehensive amenities of any office building in Edinburgh by the vendor.
CuthbertWhite were instrumental in guiding us through our first acquisition in the UK and we are pleased to be working with them and their sister company Eden PAM with the building going forward.
Nick Wright