Scarborough Muir Group sells Aquarius Court for £1.22m

Aquarius Court
Aquarius Court

Scarborough Muir Group has sold its Aquarius Court office investment at Queensferry One to Hamcap (Strathclyde) BP Ltd for £1.22m.

The Grade A specified building, developed speculatively by Scarborough Muir, is fully let and occupies a prime location within the £250 million Queensferry One development, which spans 120 acres and lies adjacent to Queensferry Crossing (the UK’s tallest bridge) on Rosyth’s waterfront.

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Aquarius Court, at 17,216 sq ft, is built over two open plan floor plates and is currently occupied by QinetiQ, Parsons Peebles Group, Epoint Embedded Computing and Core Assets Scotland.

William McAlister of Scarborough Muir, said:  “The sale of Aquarius Court is indicative of the attractive location, now further improved by the increased connectivity of the Queensferry Crossing, quality tenant mix and excellent prospects for rental growth.  The investment was seriously considered by four investors which reflects the increasing confidence the market has in Rosyth Waterfront as a commercial hub in Fife and that aligned with the scarcity of quality office stock are the driving forces behind investor demand.”

Scarborough Muir Group was advised by Redpath Bruce LLP; Hamcap (Strathclyde) BP Ltd was unrepresented.