Nova-Ambiente assisted M7 Real Estate with the acquisition of Tweedbank Industrial Estate, the largest industrial estate in the Scottish Borders, on behalf of a new separate account mandate for a Middle Eastern sovereign wealth investor. The asset was acquired from funds managed by Catalyst Capital for £4.57 million.
Tweedbank Industrial Estate comprises circa 10,680 sq m of industrial space and is 93% let to a range of occupiers. The asset is located close to Galashiels town centre and adjacent to the A6091, as well as being in close proximity to the new Tweedbank Railway Station, part of the new Borders Railway.
The Nova-Ambiente team was led by Oliver Funnell in the London office.