London-based Greenridge Investment Management sold the 148,796-square-foot Gyle Square office property in Edinburgh to Hyundai Asset Management less than three years after acquiring it from Highland Properties, which had developed the offices on the site of the former BAE Systems factory.
The deal was concluded on behalf of Hyundai Asset Management by property agents Ereira Mendoza. Robbie Moir from 9 West secured funding from Hyundai Asset Management Co. Ltd to purchase the prime office space.
Gyle Square is leased to NHS National Services Scotland, which provides shared services to the NHS and other public bodies across Scotland. It has fully occupied the property since it was constructed in 2003, under a lease until June 2029.
South Gyle is one of Scotland’s top five business districts and also home to JP Morgan, Royal Bank of Scotland and Tesco Bank
“This is a major overseas investment in Edinburgh, which reflects very positively on the level of g