Tristan Acquires Glasgow Office Property
Tristan Capital Partners, on behalf of its Curzon Capital Partners III, has acquired the Cuprum Building in Glasgow for £23 million (€27 million). The newly developed building totals 9,328 square metres of office accommodation, as well as 37 car parking spaces. The seller was Lloyds Banking Group through administrators Grant Thornton; it had originally been sold to Kenmore by developer Taylor Wimpey and subsequently entered administration.
“There has been a chronic lack of office development in Glasgow during the last three years, so now it is