Co Down firm snaps up Edinburgh building in £18m deal
Co Down property investment and development firm Wirefox has extended its Scottish portfolio with the £18m acquisition of a major Grade A office building in Edinburgh.
The Holywood-based firm has bought Silvan House, which includes almost 90,000 sq ft of prime office space let to the Scottish Government.
A spokesman for the company said the purchase of the five-storey building - on the main route from Edinburgh centre to the west of the city - was a continuation of Wirefox's expansion within Scotland.
It follows the acquisition last year of the Southergate Centre, a major retail-led asset in Dumfries town centre.
Michael Wright, director of asset management at Wirefox, said: "The strategic acquisition of Silvan House represents a significant addition to Wirefox's expanding portfolio across the UK, which includes residential, retail and office-led assets in Scotland, England and Northern Ireland. A fantastic property in a sought-after Edinburgh location with a strong tenant, the office investment was a fantastic opportunity that attracted significant interest from the market."
He added: "This purchase comes during an exciting period for Wirefox, as we seek to build further on the stellar pedigree we have established as a leading property investment and development firm."
Closer to home, Wirefox has bought the five-storey building housing Bittles Bar in Belfast city centre, and office buildings Oxford and Gloucester House, and Longbridge House. It's also linked to a possible £125m purchase of CastleCourt Shopping Centre.