APRIROSE ACQUIRES TWO SCOTTISH ASSETS TO ADD TO ITS DIVERSE PORTFOLIO

03 May 2016, London: Aprirose, the leading real estate investment company, has acquired Wm Morrisons supermarket in St. Vincent Place, Lanark, and Helix House, an office building in Aberdeen.

Morrisons, a c.23,000 sq ft supermarket was acquired from Leto Limited for £5.65 million.  Morrisons, having only just signed a new 25 year lease towards the end of 2015, are committed to the site and reflect one of the core asset types Aprirose are keen to buy.

Helix House, an 89,335 sq ft office building is located on the west side of Kirkton Drive on Raiths Industrial Estate in Aberdeen.  It was acquired from Helix Well Ops for £7.8 million again under a long lease.

Helix House is a modern office and industrial facility with links to an office and workshop area, 161 car park spaces and a fully concrete secure yard area.  It has excellent communication links, is adjacent to Aberdeen International Airport and is located seven miles from Aberdeen City Centre.

Gary Jones, Chief Operating Office at Aprirose, said that: “We have acquired these properties as part of our ongoing UK wide strategy to invest in good quality assets in good locations.  Our portfolio remains very diverse across a variety of asset classes and lot sizes. 

“We are always looking for the best investments for our clients and we believe there are some very good opportunities in the Scotland market at the moment.  Our business model allows us to act quickly and nimbly when the right business case presents itself and this has allowed us to acquire these two assets at this time.”

Aprirose owns seven other assets in Scotland, including offices and supermarkets in Glasgow, Edinburgh and Aberdeen.

-ENDS-

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