Investment in Scottish commercial property remained resilient despite a dip in volumes amid political and macroeconomic challenges, according to Knight Frank.
The independent real estate consultancy found that £2.074 billion ($2.7 billion/€2.46 billion) worth of deals concluded in 2019. This was 10.38 percent below the five-year average after a quiet final quarter, when the United Kingdom went to the polls for the General Election.
Edinburgh offices was the stand-out asset class in 2019, increasing by 70.42 percent on the year before — from £284 million to £484 million ($370 million and $632 million/€336 million and €573 million). By June 2019, investment levels in Edinburgh offices had outperformed the whole of last year on the back of a series of major transactions, including the Leonardo Innovation Hub at Crewe Toll and 4-8 St. Andrew Square.
Overseas investors continued to be the main drivers of investment in Scotland last year, with a 56 percent
