Lotus Property has acquired a 1.3 million sq ft portfolio in Scotland valued at £60m.

The Northern Irish company said the portfolio, which is made up of 45 properties in total, is predominantly in Dundee and includes assets such as Marketgait/West Marketgait, Wester Gourdie Industrial Estate and Dunsinane Industrial Estate.

Almost 60 per cent of the assets are industrial, with a variety of mixed use, retail, leisure and residential also forming part of the acquisition.

Tenants include Travelodge, Pure Gym, Grosvenor Casinos, Tesco Stores, Hermes Parcelnet, Encon Insulation, UPS and Buckler Boots.

The portfolio was bought from James Keiller Estates.