{"id":1004123604,"date":"2015-07-06T09:03:14","date_gmt":"2015-07-06T17:03:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004123604"},"modified":"2020-05-13T02:41:02","modified_gmt":"2020-05-13T10:41:02","slug":"international-hines-goes-shopping-in-scotland","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-hines-goes-shopping-in-scotland\/","title":{"rendered":"International: Hines Goes Shopping in Scotland"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Scotland.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004123606\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/international-hines-goes-shopping-in-scotland\/scotland\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Scotland.jpg\" data-orig-size=\"447,670\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;10&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D7000&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1423233122&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;9&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.004&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Scotland\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Scotland.jpg?w=447\" class=\"alignright size-medium wp-image-1004123606\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Scotland.jpg\" alt=\"Scotland\" width=\"200\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Scotland.jpg 447w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Scotland.jpg?resize=200,300 200w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><\/em><\/p>\n<p>A Space City juggernaut has landed a handsome deal in Scotland\u2019s capital city.<\/p>\n<p><a href=\"https:\/\/www.hines.com\/home\/default.aspx\" rel=\"nofollow\">Hines<\/a> has added a seven-story retail and office building in the heart of Edinburgh to its portfolio. According to a news release, the Texan company secured the freehold acquisition of 124-125 Princes St., on behalf of the Hines Pan-European Core Fund (HECF). The seller, <a href=\"https:\/\/www.fandc.com\/uk\/private-investors\/investment-trusts\/property\/fandc-commercial-property-trust\/\" rel=\"nofollow\">F&amp;C Commercial Property Trust<\/a>, was represented in the transaction by <a href=\"https:\/\/www.cushwakesales.com\/\" rel=\"nofollow\">Cushman &amp; Wakefield<\/a>, who had <a href=\"https:\/\/www.cushwakesales.com\/CW\/princesstreetedinburgh\" rel=\"nofollow\">listed the property<\/a> for \u00a316.4 million (roughly $25 million). The final price tag paid by Hines \u2013 represented by <a href=\"https:\/\/www.us.jll.com\/united-states\/en-us\" rel=\"nofollow\">JLL<\/a> &#8211; has not been disclosed.<\/p>\n<p>Conveniently situated within the heart of the \u201cGolden Rectangle,\u201d Edinburgh\u2019s foremost office location, the property at 124-125 Princes St. boasts 38,500 square feet of office and retail space. The 15,000-square-foot building at 124 Princes St. is fully occupied by Urban Outfitters, and has recently been refurbished. The building at 125 Princes St. is comprised of 23,500 square feet of high-quality office space, and is occupied by such tenants as RICS, the Chartered Institute of Housing and BDG Design Ltd.<\/p>\n<p>\u201cThe quality of the building, its excellent location and diverse income profile from both retail and office tenants make this asset a compelling proposition for the Fund,\u201d said Anthony Leonard, managing director at Hines UK in a prepared statement. Leonard also explained that the acquisition \u201crepresents a further advance into the retail sector, an area in which we are growing our portfolio of assets under management.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Space City juggernaut has landed a handsome deal in Scotland\u2019s capital city. <\/p>\n","protected":false},"author":192,"featured_media":1004123606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21783,21747,21749],"tags":[],"class_list":["post-1004123604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-investment","category-office","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>International: Hines Goes Shopping in Scotland - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/international-hines-goes-shopping-in-scotland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"International: Hines Goes Shopping in Scotland\" \/>\n<meta property=\"og:description\" content=\"A Space City juggernaut has landed a handsome deal in Scotland\u2019s capital city.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/international-hines-goes-shopping-in-scotland\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-06T17:03:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-13T10:41:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Scotland.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"447\" \/>\n\t<meta property=\"og:image:height\" content=\"670\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-hines-goes-shopping-in-scotland\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-hines-goes-shopping-in-scotland\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"International: Hines Goes Shopping in Scotland\",\"datePublished\":\"2015-07-06T17:03:14+00:00\",\"dateModified\":\"2020-05-13T10:41:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-hines-goes-shopping-in-scotland\\\/\"},\"wordCount\":250,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-hines-goes-shopping-in-scotland\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Scotland.jpg\",\"articleSection\":[\"International\",\"Investment\",\"Office\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-hines-goes-shopping-in-scotland\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-hines-goes-shopping-in-scotland\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-hines-goes-shopping-in-scotland\\\/\",\"name\":\"International: Hines Goes Shopping in Scotland - 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