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EDINBURGH ACQUISITION

EDINBURGH ACQUISITION

DougraySmith acted on behalf of Melford/ Walker Group in the acquisition of Dunedin House in Edinburgh for £1.8M. This 22,000 sq ft building has achieved consent for conversion to residential.

Stuart Peters of Melford commented:

“This deal cements the ongoing pipeline of new development activity which Melford and our partners are bringing forward to the market. We were impressed with DougraySmith’s ability to identify this opportunity out of a previous loan sale transaction”.