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Knight purchases prestigious address

Properties - Aberdeen snap up prestigious address in Edinburgh - SantanderCB

Aberdeen company Knight Property Group has snapped up a prestigious address in Edinburgh through an investment deal worth more than £12million.

Its acquisition of Edinburgh House, St Andrew Square, is part of an ongoing expansion of its portfolio outside the north-east amid the oil and gas downturn.

The company has invested more than £25million in properties in the Scottish capital over the past 18 months.

Edinburgh House will deliver at least three years of income, thanks to a lease with Santander.

Knight said several high-profile retail and office redevelopments would transform the square.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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