The portfolio comprises circa 300,000 sq ft across 37 units, within six modern multi-let industrial estates, located throughout central Scotland - locations including Livingston, Bathgate, Dunfermline, Dundee and Ayr.

 

The portfolio maintained a near 100% occupancy level and attracted a selection of high quality tenants. The annual rent roll was just under £2,000,000 at the point of sale.

 

Cedarwood Asset Management and David Samuel Properties acquired the portfolio in 2018, adopting a pro-active asset management strategy, undertaking two previous, opportunistic asset sales in Dunfermline and Aberdeen in 2021 and 2024 respectively.

 

Galbraith acted for the vendor, Cedarwood Asset Management and David Samuel Properties, with legal advice from Morton Fraser MacRoberts.  Agents Ryden represented the buyer, an overseas investor.

 

Jamie Thain, investment partner at Galbraith, commented:

“We are delighted to have completed another sale on behalf of our long-standing client Cedarwood Asset Management and David Samuel Properties. They have executed their business plan for this high quality multi-let portfolio over the last seven years, maintaining strong occupancy levels and capturing rental growth.

 

“Throughout the country, the multi-let industrial sector continues to see strong levels of demand and rental growth, which in turn underpins pricing.  The asset class offers investors a natural diversification within their portfolios and thus continues to be attractive”.