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Irish investor moves in

Capella sale confirmed as Wirefox seals deal

Capella

Capella: a sale had been forecast in May


A Northern Irish property investor has confirmed its acquisition of a landmark office building at Glasgow’s Atlantic Quay.

Daily Business reported in May that Wirefox was due to acquire the 12-storey Capella building in York Street, in Glasgow’s international financial district.

The investor and developer has now competed the £43.5 million acquisition, which follows its purchase of Silvan House in Edinburgh, home to Forestry Commission Scotland.

Among the tenants at the Capella are law firm MacRoberts and IT services group Atos.

Wirefox also owns the Southergate retail centre in Dumfries and Glasgow’s Rockford portfolio.

The deal is the latest significant transaction in Glasgow following the sale of Custom House further along the Clyde for £1.7m and offices in Nelson Mandela Place for £11.1m.

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