Quartermile Retail Parade sold

We are pleased to announce the £3million sale of the retail parade which already houses Peter’s Yard, Sainsbury’s and Starbucks. The deal has been secured to an un-named private investor, attracting net initial yield of 5.3 percent.

John Morton of Ryden, the commercial property advisor who represents the buyer said in the Scotsman, “The successful acquisition is a result of spotting an off-market opportunity and [is] a strong deal in a challenging market.”