THE headquarters of STV in Glasgow is one of two buildings in Scotland which have changed hands for a combined £36.6 million.
LondonMetric Property has sold the broadcaster’s Pacific Quay home and an 85,000 square feet office in Dundee which is occupied by telecommunications giant BT to a single buyer.
STV has a further 17 years to run on its lease for the 60,000 sq ft premises while the BT deal on Tayside runs for 17 and a half years.
LondonMetric acquired the assets when it merged with LXi REIT (real estate investment trust) in March this year.
Andrew Jones, chief executive of LondonMetric, said: "These are good, well-let assets. However, we continue to exit non-core sectors and geographies and reinvest in sectors where we have a competitive edge, and which are enjoying a structural tailwind."
LondonMetric was advised on the sale by Lismore Real Estate Advisors.
The firm is registered in London and as a member of the FTSE 250 Index is listed on the London Stock Exchange.
