{"id":1339,"date":"2026-01-15T13:35:04","date_gmt":"2026-01-15T13:35:04","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/scotland\/?p=1339"},"modified":"2026-01-15T13:35:04","modified_gmt":"2026-01-15T13:35:04","slug":"grade-a-edinburgh-office-building-changes-hands","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/scotland\/news\/1339-grade-a-edinburgh-office-building-changes-hands","title":{"rendered":"Grade A Edinburgh office building changes hands"},"content":{"rendered":"<p>A Grade A office building at Edinburgh Park has been acquired by DS Properties for an undisclosed sum.<\/p>\n<p>Lismore Real Estate Advisors, acting on behalf of Knight Property Group, sold 4-5 Lochside Avenue, while Galbraith Group acted for the buyer.<\/p>\n<p>The property has been recently refurbished and extends to 42,519 sq ft across three floors. It is fully-let to SP Transmission, Lumacron Technology, Pulsant and Anchorpoint Group.<\/p>\n<p>James Barrack snr, founder and chair of Knight Property Group, said: \u201cAchieving full occupancy ahead of the sale is a proven endorsement of the quality and specification of the property and underlines our ability to create, lease and realise value in high-quality office assets.<\/p>\n<p>\u201cThis transaction allows us to recycle capital into the next phase of our development pipeline.\u201d<\/p>\n<p>Simon Cusiter, director at Lismore, commented: \u201cThis transaction highlights the depth of investor demand for high-quality, fully-let office assets in Edinburgh.<\/p>\n<p>\u201cThe property attracted good interest, reflecting both the quality of the development and the city\u2019s status as one of the UK\u2019s most resilient office markets.\u201d<\/p>\n<p>Warren Phillips, director of DS Properties, called it \u201ca first class asset in one of the UK\u2019s big six cities\u201d.<\/p>\n<div id=\"attachment_1340\" style=\"width: 310px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1340\" class=\"size-medium wp-image-1340\" src=\"https:\/\/www.thebusinessdesk.com\/_files\/images\/jan_26\/image002-e1768483461919-300x192.jpg\" alt=\"The former Hutchesons\u2019 Grammar Primary School in Glasgow\" width=\"300\" height=\"192\" srcset=\"https:\/\/www.thebusinessdesk.com\/_files\/images\/jan_26\/image002-e1768483461919-300x192.jpg 300w, https:\/\/www.thebusinessdesk.com\/_files\/images\/jan_26\/image002-e1768483461919-200x128.jpg 200w, https:\/\/www.thebusinessdesk.com\/_files\/images\/jan_26\/image002-e1768483461919.jpg 360w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1340\" class=\"wp-caption-text\"><strong>The former Hutchesons\u2019 Grammar Primary School in Glasgow<\/strong><\/p><\/div>\n<p>Separately, the former Hutchesons\u2019 Grammar Primary School campus in Glasgow has been brought to market.<\/p>\n<p>The sale of the B\u2011listed property at 44 Kingarth Street follows the planned relocation of the school, with agent Savills suggesting it has potential for a range of redevelopment opportunities.<\/p>\n<p style=\"font-weight: 400\">The building is approximately 58,954 sq ft and occupies a 1.91\u2011acre site. Vacant possession will be available from August 2027.<\/p>\n<p style=\"font-weight: 400\">It sits within the Glasgow City Council boundary and is currently guided by the City Plan 2 Local Development Plan, with a new Local Development Plan now in preparation. While the land is not allocated for any specific use, any redevelopment will be shaped by both local and national planning policy, including the requirements of National Planning Framework 4.<\/p>\n<p style=\"font-weight: 400\">Savills&#8217; development director Nicola Lunn said: \u201cThis is a standout opportunity to reimagine a much\u2011loved building &#8211; its prime Southside setting only strengthens that potential, underlining the campus as one of the most significant opportunities to come to the market in recent years.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meanwhile, the former Hutchesons\u2019 primary school in Glasgow has been brought to market<\/p>\n","protected":false},"author":278857,"featured_media":1341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"coauthors":[137126],"class_list":["post-1339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-featured-story"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Grade A Edinburgh office building changes hands<\/title>\n<meta name=\"description\" content=\"Meanwhile, the former Hutchesons\u2019 primary school in Glasgow has been brought to market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebusinessdesk.com\/scotland\/news\/1339-grade-a-edinburgh-office-building-changes-hands\" \/>\n<meta property=\"og:locale\" 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