GLASGOW and Edinburgh will attract strong interest from property investors this year amid healthy demand for office space, specialists have predicted.
Property services firm Avison Young said a pro-business attitude in Glasgow has helped the city attract renewed interest from investors, developers and occupiers.
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The head of its operations in Glasgow, Alison Taylor noted a large amount of modern office is space under development in the city for a variety of government and private sector occupiers.
Avison Young expects Edinburgh to remain the focus of significant overseas investor actvity in 2020. Players from Asia and North America will show strong interest.
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The firm said interest in retail and leisure space in Edinburgh will be boosted by the development of a Johnnie Walker visitor centre in the former House of Fraser department store on the west end of Princes Street and by the Edinburgh St James development in the east of the city centre.
It expects retail sector rents to fall in most areas of the UK.
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