The finalists for the 2025 Scottish Property Awards Deal of the Year, sponsored by PMP, have been revealed as the highly anticipated celebration dinner draws near.
With just over three weeks to go until the event celebrating Scottish commercial real estate, the judging panel has shortlisted five standout deals. The panel will determine the winner, and they will be announced during the awards ceremony on Thursday, 20 February, in Glasgow.
Stewart Rutherford, Managing Director of PMP, commented;
"Congratulations to all the finalist teams behind these major transactions completed in the last year. It is encouraging to see all corners of Scotland represented with a wide range of deal types. These are some of the biggest deals conducted and shows the strength of investment that continues in Scotland. We look forward to continuing to support the Scottish Property Awards with our sponsorship and celebrating success in our industry in a few weeks’ time.”
The line-up which represents deals across Scotland, are as follows:
Industrial Letting at Belgrave Logistics Park - Knight Property Group, Wincanton, Ryden, JLL, Savills, Brodies, and DWF
One of the largest industrial deals completed in Scotland this year and the largest letting of a speculative new build since 2018 in the Greater Glasgow market. This 126,960 sq ft letting to Wincanton delivers a custom high spec build with excellent environmental standards. Completes Unit 3 in the 15 acre site which has regenerated the industrial economy around Bellshill.
Investment Sale of Belgrave Logistics Park - Knight Property Group, Swiss Life, Lismore Real Estate Advisors, JLL, Brodies and Pinsent Masons
This off market opportunity concluded swiftly and brought a successful end to this 15 acre speculative development of 5 industrial and logistic units covering a combined 261,193 sq ft. Net Initial Yield 5.43%.
The Mint Building - Hines, Pontegadea, Lismore Real Estate Advisors, Savills, Pinsent Masons & Burness Paull
Fully let to four high quality tenants, The Mint Building comprises 59,427 sq ft Grade A office space alongside 11,040 sq ft of restaurant and retail accommodation. Deal reflects a net initial yield of 5.78%.
Aurora – Forma Real Estate / HFD Property Group and SSE
62,002 sq ft 10 Year Lease over 7th,6th, 5th and Ground floors. A substantial sizeable deal in the turbulent office market, believed to be the largest new city centre office letting since lockdown.
Inverness and Cromarty Green Freeport - Knight Frank
This significant inward investment in a 15-hectare site to construct a subsea, high voltage, transmission cable manufacturing plant. ScotGov have provided 24.5m of public sector funding towards this significant boost to Scotland’s green energy sector.
Individual tickets to the 2024 Scottish Property Awards are still available and can be purchased https://www.scottishpropertyawards.co.uk/spa/book-tickets
ABOUT PMP
PMP offers sustainable solutions in Building Surveying, Project Management and Cost Management. Established in 1992, we have a national reach throughout Scotland and the rest of the UK with offices in Edinburgh, Glasgow, Manchester and Bristol. We are known to be innovators in the marketplace and what we’re most proud of is our teams of people who fly the flag for PMP and the successful delivery of award-winning projects for many of our clients. We deliver three core services – Building Surveying, Project Management and Cost Management – to investors, developers, landlords, tenants and agents throughout the property sector. It is our 30 years’ experience and our commitment to building a better and more socially-minded business with sustainability at the forefront of our thinking that sets us apart. Together with like-minded partners, PMP is at the forefront of today’s net zero agenda and our people are the driving force on this journey where sustainable thinking, regeneration and professional advice will ensure PMP continues to innovate as market leaders within the property industry.