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Scotland Snapshot Q2 2021

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Given renewed lockdown restrictions, it has been a slow start to the year in terms of commercial property investment in Scotland.


However, we expect to see a robust rebound in investment volumes throughout this year, thanks to a significant build-up of capital waiting to target the market. Economic conditions are set to improve as well as the vaccine rollout continues and lockdown restrictions are eased.

In this quarter’s Scotland Snapshot, we highlight:

  • Although investment volumes slowed significantly in Q1, they were well above the levels recorded during the first lockdown

  • Q1 saw Glasgow’s fourth-largest ever student accommodation deal (by value)

  • Scottish government could require up to 500,000 sq ft of office space

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Scotland Snapshot Q2 2021

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Related Experts

Douglas McPhail

Head of Scotland

Glasgow

As department head, Douglas has overall responsibility for approximately 500 properties under management with a total rent roll in excess of £230million.  Helpdesk for tenant/occupier use and a full property accounts team.  He has developed the business management procedures required for ISO9001 accreditation used by the CCRE IPM department across the UK.

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Patrick Ford

Director

Glasgow

I am an experienced Director working closely with my capital market colleagues throughout Colliers UK. I have a proven track record of deal delivery which includes some of Scotlands mosthigh profile commercial property transactions.

I actively advise clients on property investment acquistions and disposals throughout the Scotland and across the UK.

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Elliot Cassels

Director

Edinburgh

I have over 20 years ' experience working in capital markets throughtout the UK. I have a proven track record of deal delivery. I actively advise clients on property investment acquistions and disposals throughout Scotland and across the UK.

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Oliver Kolodseike

Director - Head of Economic Research

London - West End

Oliver is an Associate Director in the Research and Forecasting department  and leads the quarterly UK forecasting process including the publication of Colliers' Real Estate Investment Forecasts (REIF) report. He also  authors the monthly Property Snapshot and recently launched quarterly Scotland Snapshot. Prior to joining Colliers, he worked for the Centre for Economics and Business Research and IHS Markit. Oliver holds a BA in Economics from  Georg-August University Göttingen (Germany) and an MSc in Economics from Exeter University.

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