AWG Property and Baronsgate Estates buy Glasgow Office Space

Dawnay Day have sold the eight storey, 38,000 sq ft office in St Vincent Street to AWG Property and Baronsgate Estates.

Currently the office space is let by Commercial Union and the lease runs out at the end of April. The net yield from the price paid is around 5.6%.

AWG Property Director, Stephen Kelly says that there are a range of options available, ranging from a floor by floor refurbishment programme to a full on redevelopment.

This acquisition marks AWR and Baronsgate third together having already acquired the Braes Shopping Centre in Castlemilk in Glasgow.

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