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Scotland Snapshot Q4 2019

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scotland snapshot q4 2019

Investment volumes break through £2bn for sixth year running

We are pleased to share with you the Scotland Property Snapshot Q4 2019, the fourth in our new quarterly report series. The report provides an overview of the Scottish commercial property market, as well as the latest occupier market and investment trends.

Despite slowing by around 23% on 2018, annual investment volumes broke through the £2bn mark for the sixth year running. Strong interest from cross border investors continued as overseas investors spent £1.1bn in 2019, the second-highest figure on record and accounting for over half of all commercial property transaction volumes.

The spectre of Scottish independence will continue to be a factor in commercial property market in the short to medium term. In spite of this, since the election result on the 12th of December we have seen investor sentiment improve translating into increased investor demand.

If you would like to discuss the findings of this report in further detail, please contact Douglas McPhail.

scotland snapshot q4 2019

Scotland Snapshot Q4 2019

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Douglas McPhail

Head of Scotland

Investment Property Management


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


National Capital Markets


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 most high profile commercial property transactions.

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

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Walter Boettcher

Head of Research and Economics

Research and Forecasting

London - West End

I am the the Chief Economist at global property advisors Colliers International based in London.  I am a research economist identifying timely research topics and directing research and forecasting outputs.

I have over 20 years UK and European property industry experience and extensive expertise across a wide range of property sectors and related industries.

I participate regularly in industry panel discussions, but am focused more on direct client engagement with institutions, property companies, banks, and private investors. A regular media commentator, I have a wide range of national and broadcast experience.

I joined Colliers International in August 2007 after several years at a private property company where he was responsible for managing a mixed portfolio of London residential, retail and office assets.

Previously, I worked in a few London property advisory firms, a geodemographic company as well as a few youthful sojourns in the US offshore oil industry, local government and entertainment business.

I am an economics graduate of the University of Texas at Austin and received his PhD from the Faculty of Science at University College London.  I am a member of Lambda Alpha International and the Society of Property Researchers.

Perhaps best known for my alternative take on property economics and investment, I am a keen proponent of UK regional development and infrastructure investment.

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