Galbriath advises Mansley Group on Scottish Expansion

Mansley Group, the privately owned UK Serviced Apartment Provider with premises in Mayfair, Kensington, Cheltenham, Edinburgh and Inverness has purchase Braid Apartments, a 20 serviced apartment building on Thistle Street, for an undisclosed sum.

Mansley Group acquired the property and on-going trading interests from established Edinburgh operator, Fountain Court Apartments.

[adbutler zone_id=’297765′]

Acting for the vendor, Kerr Young of JLL’s Hotel & Hospitality Group said: “We are pleased to have advised on the sale of Braid Apartments. The Serviced Apartment Sector is an ever establishing asset class with both customers and investors and Edinburgh continues to prove a popular target location for both”.

Will Sandwell of Galbraith who acted for the buyer said: “This acquisition is a good example of the diverse off market deals we are involved with, our client reach throughout the UK and our expertise across a variety of commercial property sectors.  We are delighted the client has been able to secure this prime asset for their operational business”.

Colin Stone, Commercial Director of Mansley Group commented: “We acquired two serviced apartment assets in Scotland during 2015, in Inverness and in Edinburgh’s Old Town. This is our third acquisition, we have been looking for the right opportunity for some time and this fits the bill in terms of location, quality and character of property”.

Galbraith advised the purchaser with Rollos providing legal services.  Anderson Strathern provided legal advice to the vendor, Fountain Court.

[yikes-mailchimp form=”2″ title=”1″ description=”1″]

The Latest Stories

Borders accountancy firms to merge
Fantastic success for IP specialists at 2024 EMEA Awards
Scottish Borders Housing Association partners with Cruden to deliver vital affordable homes
Funeral planning firm appoints chief technology officer to lead technological innovation