JSE and Luxembourg-listed MAS Real Estate has acquired two Bank of Scotland-let office buildings in Edinburgh for £71m – the largest office investment deal in the city so far this year.
MAS Holdings, a subsidiary of MAS Real Estate, has bought the entire issued share capital of New Uberior House Ltd, which owns the two adjoining buildings, Princes Exchange and New Uberior House.
European real estate fund manager Aerium represented New Uberior House on the sale. Roebuck Asset Management acted on behalf MAS Holdings.
The properties together comprise 158,423 sq ft of offices and are let to