Hermiston Gait Retail Park in Edinburgh has been sold for £65,000,000. The retail property asset spans 306,000 square feet and was sold at a price of £212 per square foot. The sale took place on February 21, 2020, with BeauMont Real Estate Capital, represented by Coates & Co, acting as the buyer. On the other side of the transaction, Aberdeen Standard Investments, represented by Savills, acted as the seller.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: £65,000,000
• Address: Hermiston Gait Retail Park, Edinburgh
• Market: Edinburgh
• Buyer: BeauMont Real Estate Capital - Robert Balick
• Seller: Aberdeen Standard Investments - Daniel O’Neill
• Buyer’s Representative: Coates & Co
• Seller’s Representative: Savills
• Square Footage: 306,000
• Price per Square Foot: £212

BeauMont Real Estate Capital, represented by Coates & Co, successfully acquired Hermiston Gait Retail Park in Edinburgh. On the seller's side, Aberdeen Standard Investments, represented by Savills, completed the transaction. The sale price of £65,000,000 reflects the value of the retail property, which spans 306,000 square feet. This deal highlights the expertise and negotiation skills of the involved parties as they navigated and closed a significant real estate transaction in Edinburgh.