Lothbury Property Trust’s (LPT) prime retail and office property at 78-90 Buchanan Street and 9-17 Exchange Place, Glasgow is now fully let.
The first floor, which comprised 3,565 sq ft of Grade A office accommodation, has been split into two suites of 2,211 sq ft and 1,342 sq ft, following interest from BNP Paribas Real Estate.
BNP Paribas Real Estate has taken the former suite, with Drum Property Group moving into the latter. Both suites have been let at £17.00 per sq ft.
Lothbury purchased the Buchanan Street and Exchange Place site in Glasgow in June 2013. The 35,000 sq ft property comprises retail, leisure and offices.
Mike Toft, Senior Fund Manager at Lothbury Investment Management Limited, said: “This superb asset is undoubtedly located on one of Scotland’s prime retail and office locations. We are delighted that the building has continued to attract quality tenants and is now fully let.”
This is the website of Lothbury Investment Management Limited of 155 Bishopsgate, London EC2M 3TQ, United Kingdom, a company registered in England with registered number 04185370. Lothbury Investment Management Limited (or “LIM”) is authorised and regulated by the Financial Conduct Authority in the United Kingdom.
Lothbury Investment Management Limited is the manager of the Lothbury Property Trust ("LPT") and the Lothbury Global Feeder LP ("LGF") (together, the “Funds”). LPT is a sub-fund of the Lothbury Global Institutional Funds, which is regulated by the Central Bank of Ireland. LGF was established as a limited partnership in Jersey under the Limited Partnerships (Jersey) Law 1994 through the filing of a declaration of limited partnership. The Funds are alternative investment funds (“AIFs”) for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (the “Directive”). LIM has been appointed and acts as alternative investment fund manager (“AIFM”) in respect of the AIFs. For these purposes, LIM is authorised and regulated in the United Kingdom by the Financial Conduct Authority for the purposes of managing unauthorised AIFs (and for various other activities). The Funds are also unregulated collective investment schemes for the purposes of the United Kingdom Financial Services and Markets Act 2000 (the “Act”).
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