Ownership of the headquarters of one of the UK’s leading regional newspaper titles has changed hands.
Kames Capital’s Property Income Fund has bought 200 Renfield Street Glasgow – home of The Herald, Sunday Herald and Evening Times – from Cording Danmerc Limited in a £13.7m deal.
The property generates an annual income of £1.17m and will continue to be leased to Newsquest which publishes the three titles until 2030, with a tenant break option in 2020.
The modern building sits on a 1.6 acre site with more than 80 car parking spaces.
yes but will newsquest still be around in 2030?
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