German real estate fund SEB Europe REI has purchased 110 St
Vincent Street, one of Glasgow's most iconic office buildings from
Scarborough Group for an undisclosed sum.
Located in the IFSD, the Grade A building, leased to Bank of
Scotland was designed in the 1920s by renowned architect James
Miller and redeveloped in 2007.
Behind its elegant classical exterior, 110 St Vincent Street is a
prestigious nine-storey contemporary office building covering 8,927
sq metres, featuring the original ground floor banking hall with
its imposing columns and glass roof.
Steven Newlands, Partner, Capital Markets Group at Cushman &
Wakefield, secured the building for SEB Europe REI despite fierce
competition from a number of parties. He said: "110 St Vincent
Street is a real trophy property as it is not only one of the most
architecturally striking buildings in the city but is also in a
prime location with a first class tenant. Bank of Scotland still
has 12 years left on the lease so the building represents an
excellent investment for SEB."
Redpath Bruce and CBRE acted on behalf of Scarborough Group.