June 2019

West Ranga Property Group buy 120 West Regent Street, Glasgow.

WRPG are delighted to announce the purchase of 120 West Regent Street, Glasgow.

120 West Regent Street occupies a prominent corner position at the junction of Wellington Street and West Regent Street in the heart of Glasgow’s Central Business District.

The property comprises excellent quality open plan office accommodation arranged over ground and 5 upper floors. Currently fully let, tenants include Carlson Wagonlit, Mattioli Woods, Ashfield Healthcare, Mediterranean Shipping and Capital Professional.

WRPG paid £3.0M for the property reflecting a Net Initial Yield (NIY) of 7.40%.

CBRE represented WRPG in the transaction with all building consultancy provided by Innes Associates.