Strathclyde Pension Fund completes £22m Glasgow office acquisition
Author: Tom Parker | Published: October 16, 2025
Strathclyde Pension Fund has acquired the multi-let office Central Exchange in Glasgow for a price in the region of £22m.
Coming as part of the Clydebuilt II Limited Partnership – a joint venture between the fund and property company Ediston – the building has nine floors, an EPC rating of ‘A’, and offices let to the likes of Hymans Robertson, Associated Newspapers and Aberdein Considine.
It follows the partnership’s purchase of Sentinel, and highlights the growing appeal of “well-located, quality offices” in Glasgow’s core market.
Clydebuilt II Limited Partnership’s fund manager Calum Bruce said: “Central Exchange provides the Fund with both a robust income stream and an excellent repositioning opportunity in a supply-constrained market.
“The prime location in Glasgow’s CBD merits a high-quality office refurbishment, which we will deliver to meet the needs of modern occupiers. The acquisition complements our purchase of Sentinel and underscores our confidence in Glasgow’s office market.”
Stuart Low, investment partner at Ryden – which acted on behalf of the partnership – added: “It has been a pleasure working with Ediston on the acquisition of Central Exchange.
“The asset aligns seamlessly with CLP II’s strategy of well-located, value-add office investments. Ediston continues to strengthen its presence in Glasgow’s office market, a sector Ryden expects to go from strength to strength.”
