Sale of prominent city centre office

By April 2018 Transactions

ACRE Capital acting on behalf of Charles Street Holdings has advised on the investment disposal of Caledonian House, Dundee. The 64,000 sq ft freehold office which lies on a 2 acre site in a prominent position opposite Dundee Train Station is let to the Secretary of State for Communities for a 3 year term certain. The asset was acquired by Shelborn Asset Management who have medium term re-development plans for the site.

Location: Caledonian House, Dundee
Property Type: Office
Transaction Type: Disposal
Client: Charles Street Holdings