Aberdeen acquisition for investment company
Rockspring Property Investment Managers has bought an office building for £11.5 million.
The off market transaction for Riverside House in Aberdeen was completed on behalf of The Cheshire Pension Fund.
The 52, 745 square feet grade A building is close to the harbour and the Union Square shopping centre.
Existing tenants include Talisman Energy, Scottish Ministers and AWG Business Centres.
Michael Pryer, associate partner at Rockspring, said: "Riverside House allows our client to gain exposure to a strong regional office market in the UK.
"Given the asset's prime location and tenant covenant strength, we are confident it will deliver long-term capital and income growth."
Rockspring was represented by FG Burnett.