Ryden completed more than 3.2 million square feet of industrial transactions and £373 million of investment deals across Scotland.
The firm completed over 250 industrial deals, totalling around 3.275 million square feet, “securing its position as Scotland’s most active industrial agency”.
It said its results “reflect the resilience of the market and the firm’s strengthened capability following its strategic partnership with Lambert Smith Hampton”.
Major transactions included the 67,376 square foot acquisition for Odfjell Drilling in Portlethen, the largest industrial deal in Aberdeen this year, and the 56,281 square foot letting at 101 Centre Street in Glasgow.
Ryden is also advising on more than three million square feet of speculative industrial development across strategic locations including Eurocentral, Clyde Gateway East, Hillington, and Edinburgh’s Sighthill, South Gyle Industrial Estates.
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A major highlight of the pipeline is EDI Approach, the flagship 60-acre master planned logistics development at Newbridge, where Ryden is providing ongoing strategic advice on one of Scotland’s most ambitious next-generation industrial schemes.
Ryden’s Commercial Investment team completed 49 transactions worth approximately £373m, supported by demand from both UK and international buyers.
Landmark investment deals included the £28.55m acquisition of the TotalEnergies logistics facility at Aberdeen Gateway, the £26.5m acquisition of the Malt Portfolio, and the £22.15m acquisition of Central Exchange in Glasgow, a major multi-let office investment purchased on behalf of Ediston and Strathclyde Pension Fund.
The firm also advised on the £35.5m phased sale of Lower Gilmore Place in Edinburgh, including a forward-funding agreement with Legal & General.
The partnership with LSH has added 15 experienced specialists to Ryden’s Scottish operation, “expanding its valuation, building consultancy, project management and cost consultancy capability”.
The firm said the collaboration combines Ryden’s market-leading Scottish insight with LSH’s UK-wide reach and national mandates.
Alan Herriot, industrial partner at Ryden, said: “This has been a year of continued significant progress for Ryden.
“The diverse nature of requirements, from green technology, resurgence of manufacturing, storage and distribution, seeking modern well-located industrial space remains exceptionally strong.
“This is reflected in the more than 3.2 million square feet of transactions we have completed across Scotland. We are also seeing improving confidence across the wider market, with more decisive investor activity and a growing emphasis on high-quality, energy-efficient assets.
“Rising rental levels, constrained supply and sustained occupier demand continue to underpin the industrial sector, driving new development and major regeneration schemes forward. Our work on large-scale projects such as EDI Approach in Edinburgh, one of the most ambitious logistics developments in Scotland, demonstrates the scale of opportunity now emerging.”
Developers have signalled their plans to build student accommodation and private flats on a scrapyard in Leith which featured in Trainspotting 2, 10 months after a similar application was struck back.
Councillors in February rejected an application by Stephen G Dalton & Son to build 46 student flats and 46 rental units due to the scheme not conforming with the city’s development plan.
In the months since, the developers have appealed the decision twice – having lost their first attempt, they are now waiting for the Court of Session to look at the case.
But they have also filed a notice with the council’s planning department that they intend to put in a new application for a similar scheme on the property off Salamander Street.
Details of what is planned are scarce, but the firm says it looks to build student housing, flats and commercial space on the family-owned scrapyard – like in their first application.
A bar manager has won a planning battle to build a new pub after his previous Sighthill premises was bought by the council under compulsory purchase.
The pub and office space will replace the former Caledonian bar, which was forced to close due to redevelopment and purchased by the council.
Glasgow City Council originally turned down plans for the new venue amid concerns about not enough parking, lack of details about cooking and ventilation and issues with the design.
But today councillors overturned that decision – paving the way for applicant John Welsh to construct the venue on a vacant site at the end of Auchentoshan Terrace, which sits to the east of Springburn Road.
Councillor Cecilia O’Lone said although it is “not the most exciting building it is better than what is there at the moment”.
