HENDERSON Global Investors has bought the landmark Mercantile Chambers on Glasgow's Bothwell Street for £5.2 million on behalf of a private client.

The asset manager bought the property at 53 Bothwell Street from KPMG, the administrator to a City Site Estates portfolio, which went into administration last year.

With a Grade A-listed façade, Mercantile Chambers has retail space on the ground floor with seven floors of offices above. Tenants include J Sainsbury and the Department for Communities and Local Government.

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