NYSE-listed global real estate manager Kennedy Wilson has bought a $106m (鈧�91.6m) office building in Scotland from .
Kennedy Wilson said it has acquired the Waverleygate office building in Edinburgh. Waverleygate is adjacent to Edinburgh鈥檚 main railway station, Waverley train station.
The building is 97% occupied by tenants including Amazon, Microsoft, H&M, the Scottish Government, and the National Health Service.
Mike Pegler, the head of UK at Kennedy Wilson, said: 鈥淭his acquisition reflects our view that, at current pricing levels, there is attractive value in the UK office market particularly for assets located in major employment hubs with high-quality educational institutions.
鈥淲averleygate immediately adds solid recurring income from a strong tenant base and presents multiple opportunities to grow NOI and asset value by further enhancing environmental credentials and overall management of the property.鈥�
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