Investor takes up space

Clyde property acquired in £55 million deal

Atlantic QuayGlasgow’s growing allure to inward investors has continued with Bank of London and The Middle East (BLME) acquiring a key office block on the Clyde for £55m.

Atlantic Quay 1, a Grade A office block in the city’s International Financial Services District, is home to UK government and accounts, and the housebuilder MacTaggart and Mickel.

MREFIII acquired the Atlantic 1,2 and 3, comprising 280,000 sq ft, in September 2015 and in December 2016 sold Atlantic 3 to L&G. Moorfield partners Resonance to manage the three buildings.

Savills acted for BLME and JLL for MREFIII.



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