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August 2017

Topland has acquired The Athenaeum in Glasgow from Patrizia UK

The 60,000 sq ft multi-let office building, located at 8 Nelson Mandela Place, dates back to the late 1800's and was once home to the Glasgow Athenaeum School of Music.  A new office building was constructed behind the original facade in 1990.

Athenaeum

Its office occupiers including Close Brothers Asset Management, Shawbrook Bank, Rathbones and Softcat Plc, with the lettings off reversionary rents.

Mark Kingston, managing director of Topland Group, said: "The acquisition of this mult-let property, which boasts a prime location within Glasgow city centre, allows Topland to utilise its asset management skills to add value and continues our trail of acquisitions of quality multi-let properties in major UK regional cities."

Topland was represented by Knight Frank, while GVA acted on behalf of Patrizia.