{"id":16673,"date":"2026-01-28T22:59:52","date_gmt":"2026-01-28T22:59:52","guid":{"rendered":"https:\/\/microvibenews.com\/?p=16673"},"modified":"2026-01-28T22:59:52","modified_gmt":"2026-01-28T22:59:52","slug":"george-house-sold-to-joint-venture-for-10-65m-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=16673","title":{"rendered":"George House sold to joint venture for \u00a310.65m \u2013 Daily Business"},"content":{"rendered":"

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Landmark: George House in foreground<\/em><\/figcaption><\/figure>\n

A prominent office block in the centre of Glasgow, George House in George Square, has been sold for \u00a310.65m.<\/p>\n

Lismore Real Estate Advisors advised Ardstone Capital, on behalf of the Ardstone Regional Office Fund \u2013 a joint venture with CBRE Investment Management \u2013 on the sale to a joint venture between Longstock Capital and TIME Equities.<\/p>\n

The 1970s multi-let building, over ground and five upper storeys, has a floor area of 99,740 sq ft, with 31 car parking spaces. <\/p>\n

It is let to a number of tenants including Rathbones, Network Rail, Mitchells Roberton, Anderson Strathern and The Alchemist, with 40,000 sq ft vacant.<\/p>\n

Simon Cusiter, director of Lismore, said: \u201cThis landmark city centre office investment offered purchasers an attractive combination of secure income, underpinned by high-quality tenant covenants and the opportunity to create value over time.<\/p>\n

\u201cIt\u2019s prominence within Glasgow\u2019s core, the inherent flexibility of the building and the medium term redevelopment opportunity presented an attractive profile.\u201d<\/p>\n

Sheridan Keane acted for Longstock Capital and TIME Equities.<\/p>\n

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