Sale of Citymark, Edinburgh

Ardstone Capital announced the sale of 150 Fountainbridge in Edinburgh to Trinova Real Estate in an off market transaction on behalf of the Ardstone Regional Office Fund.

Launched in mid-2013, the fund is managed by Ardstone Capital exclusively for clients of CBRE Global Investment Partners .

The property was one of the funds first assets acquired during the third quarter of 2013 and provides 102,115 sq ft of office accommodation leased to Lloyds Banking Group until 2026. The sale crystallised a 24.6% IRR for the fund.