Ardstone Capital acquires George House, Glasgow, for the Ardstone Regional Office Fund

Ardstone Capital has acquired George House, Glasgow, on behalf of the Ardstone Regional Office Fund, a joint venture with CBRE Global Investment Partners (‘CBRE GIP’).

George House was acquired in an off market transaction from Redevco BV for £22,500,000. The property extends to 98,000 sq ft and is located in a prime position within George Square in the centre of Glasgow, immediately adjacent to Queen Street Station. George House is a recently refurbished, Grade B+ office building, multi-let to seven tenants, from a number of business sectors both corporate and professional.

The acquisition makes the purchase of the eighth asset for the Fund.

MWM acted for Ardstone and JLL acted for the vendor.