PROPERTY firm Wirefox has increased its assets in Scotland with the £35 million acquisition of the Rockford portfolio.
Earlier this month the Northern Irish investment and development company completed the £18m acquisition of Silvan House in Edinburgh, which is let to the Scottish Government.
The Rockford portfolio includes nine out-of-town office blocks within various business parks in close proximity to Glasgow, comprising 384,146 sq ft of prime office space.
The properties includes the current IBM base in Cumbernauld, three buildings at Trilogy Business Park, housing NCR and Laing O’Rourke; and 1 Forrest Gate at Tannochside Business Park, which is home to Hoover.
The deal also sees Wirefox take over Phoenix House, let to Daisy; and the vacant Nevis House, in Hamilton International Business Park. GSO Business Park in East Kilbride, where EDF Energy and RES are among the tenants, is also included.
Steven Flannery, Director of Investments at Wirefox, said: “Rockford is the latest example of our long-term strategy of recognising value-add investment opportunities, and we look forward to adding significantly to our office portfolio in the future.”
Last year Wirefox bought the Southergate Centre, a shopping centre in Dumfries town centre.
Commenting on this latest deal, Michael Wright, director of asset management at Wirefox, commented: “The tenant profile throughout the Rockford portfolio is extremely strong and we look forward to working with our tenants to ensure their working environment remains of the highest quality.”
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