AN acquisitive Edinburgh-based property specialist has said the outlook for the market in the city is good, in spite of the uncertainty caused by Brexit.
Murray & Currie said it plans to expand after acquiring two property agencies in Edinburgh in recent months for undisclosed sums.
The takeovers of Traquair Lettings and Crombie & Co allowed Murray & Currie to expand its portfolio of managed rental properties by 26 per cent to more than 1,000.
Joint managing director Steven Currie said the company is feeling very positive about the future of the property market in Edinburgh, with the prospect of Brexit not dampening the market.
A range of prestige projects are helping to generate interest in Edinburgh around the world. These are attracting investors and bringing people to the city for work.
Mr Currie cited the redevelopment of the giant St James shopping centre and plans for a major development near Haymarket station and for a Johnnie Walker visitor centre on the site of the former House of Fraser store on Princes Street.
Mr Currie said approval for the proposed extension of the Edinburgh tram network to Leith could provide a further boost to demand.
Regarding further potential acquisitions, he said Murray & Currie planned to expand in the next 12 to 15 months.
The business manages properties on behalf of owners based in 29 countries.
It was founded by Mr Currie with Richard Murray in 2008.
Earlier this month the chairman of the Cushman & Wakefield property firm in Scotland, David Davidson, said demand for premium space in Edinburgh and Glasgow had not been disrupted by Brexit uncertainty.
He warned the lack of high-quality speculative office development in the two cities was acting as a barrier to growth.
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