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£4.5 million deal

Topland adds to central Glasgow portfolio

Portland House,Sol Zakay’s Topland Group has acquired Portland House, a multi-let office and retail asset in central Glasgow.

The 37,000 sq ft building on Renfield Street is let to Tesco and Browne Dental Group at ground floor level with seven upper floor offices let to a variety of tenants. 

Topland has paid £4.5m in an off-market transaction which follows the purchase of The Athanaeum located on Nelson Mandela Place in the centre of Glasgow for around £11m.

Mark Kingston, managing director at Topland said: “We are pleased to have bought Portland House which follows our strategy of acquiring well located CBD assets. 

“We now have several key investments in Glasgow city centre and look forward to implementing our asset management strategy.” 

Will Sandwell of Galbraith, which advised Topland, commented: “We look forward to seeing the building perform for Topland.”

Ryden represented the vendor Kewbrook, a subsidiary of Stockbourne Group.

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