Scotland’s commercial property sector saw £2.39bn traded in 2022, marking a 12.6% uplift on the five-year average.
The analysis from Savills, which accounts for all commercial property sectors, sets out a year of two halves, with the company recording 81% - or £1.93bn - of the total investment activity in Scotland completing before the end of June 2022.
Offices and retail warehousing were the strongest performers by sector over the course of the year, with key deals including Pontegadea acquiring 177 Bothwell Street for £215m (on a 4.5% net initial yield), Realty Income acquiring Great Western Retail Park for £87m (5.96% yield), Eurofund Group and Henderson Park Capital Partners buying Silverburn Shopping Centre for £140m (9.3% yield); Ares Management acquiring Westway Industrial Park in Renfrew for £111m (5.10% yield) and Apollo Global Management paying £161m (4.90% yield) for a CA Ventures Portfolio of three assets including two in Scotland.
