Property: Former Anglo-backed fund offloads £57m office block

An Irish investment fund previously backed by Anglo Irish Bank has offloaded a £57 million office block in Edinburgh.

29th June, 2013

An Irish investment fund previously backed by Anglo Irish Bank has offloaded a £57 million office block in Edinburgh.

GLL Real Estate Partners has completed its purchase of Calton Square in Edinburgh, ten months after it initially went under offer. The German real estate fund bought the 152,000 square foot office block from Jaguar Capital, a syndicate of Dublin-based investors. The building was purchased in 2006 for £74 million from using debt from Anglo Irish...

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