The Scottish real estate team at legal business DWF advised Squarestone on a £6.6m investment acquisition of a prime office block at 133 Finnieston Street, Glasgow.

The DWF team, led by partner Iain McLean with support from Paul Mason and Robin Watt in the real estate team and Grant Docherty and Alan Glen on banking, advised Squarestone on the latest and previous deals this year. The deal follows a series of eight property acquisitions - totaling almost £19m worth of investment into a growing Scottish portfolio for the fund, backed by private investors and funded by The Royal Bank of Scotland’s Real Estate Finance team in Scotland.

With a strong track record in commercial property investment, the DWF team has advised on all transactions, comprising of a range of business centre, research park, office and industrial investments in Edinburgh, Glasgow, Livingston, Paisley and Uddingston all with active asset management opportunities.

Robert Sloss, co-founder at Squarestone commenting on the deal, said: “We are delighted to have purchased a high quality building in this recovering office market and we are confident that it will perform well. This asset is part of a wider strategy to grow a UK regional focused portfolio to in excess of £100 million.”

Iain McLean, real estate partner at DWF, said: “Squarestone Growth has an ambitious investment strategy, and we are pleased to support its commercial aims to grow its Scottish portfolio. Each transaction brings new international investment into the Scotland, taking advantage of the opportunities which currently exist. The client’s ability to deliver has been first class and we look forward to supporting Squarestone with future Scottish and wider UK investments.”

Ewen White, director at Lambert Smith Hampton, also advised Squarestone on the deal.