A prominent Glasgow building across Central Station has been sold.
The Forsyth Building, which houses Greggs, Burger King, Miller Samuel, Moray Group, Davies Group and Digitonic, was purchased for £9.7m in an off-market deal.
It is a B-listed landmark on the corner of Gordon Street and Renfield Street, with offices above the retail space.
The new owner of the site, historically known as Forsyth Department Store, is a London-based private investor.
The sale was completed on behalf of the Ambassador Group.
READ MORE: Busy Glasgow city centre hostel goes on the market
Martyn Brown, director of real estate advisor CBRE, commented: “We’re pleased to confirm the off-market sale of this quality, mixed-use asset.
"With a strong tenant mix and a prime location, the sale offers the purchaser the potential to take advantage of multiple asset management opportunities.”
Chris Richardson, managing director of Ambassador Investments, added: “We’re delighted to be able to complete our asset management plan and sell this iconic piece of Glasgow architecture, which is now a thriving mixed-use building, to a buyer who we believe has the same passion for the asset and for Glasgow as we did.
"We undertook a significant refurbishment of the building during our ownership and worked hard to deliver a sustainable and accessible building with great tenants.”
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here