HQ sold for £10m
Miller House bought by London investor
A London property investor has acquired Miller House, the Edinburgh headquarters of the eponymous building company, for £10 million.
The 48,408 sq ft building at Edinburgh Business Park is occupied by Miller Homes, Miller Developments, Galliford Try Construction and the Royal Society for the Protection of Birds.
It adds to seven Scottish investments by Aprirose including its purchase of the Wm Morrison supermarket in St. Vincent Place, Lanark, and the Helix House office building in Aberdeen.
Aprirose chief executive, Manish Gudka, said: “Edinburgh is the UK’s second largest financial centre and a highly competitive city.
“There is a significant shortage of office space coming to market and, with a weak development pipeline, we feel this is a great investment opportunity.
“The acquisition of Miller House, with its long-term secure tenants and its prime location in Edinburgh Business Park, fits in with our strategy of identifying high quality, good income assets to add to our £1 billion portfolio.
“We have now completed six acquisitions since Brexit and we are actively working on further deals at the moment as we continue to look for investment opportunities throughout the UK.”