UK: Actual property investor and asset supervisor Oberland, in partnership with actual property funding platform RealVantage, has acquired the Arthouse Lodge in Glasgow.
The Arthouse Lodge, previously the ABode Lodge, was initially inbuilt 1829 by James Campbell and beforehand the house of former UK Prime Minister Sir Henry Campbell-Bannerman.
Oberland plans to refurbish the property, together with the “restoration of heritage points” and the “introduction of recent options” in each the non-public rooms and public areas.
C1 Capital has taken over administration of the Arthouse Lodge and can lead its transition and operations.
Andrew Dean, co-founder of Oberland, mentioned: “We’re happy to have partnered with RealVantage on this strategic acquisition. Collectively, we’re in a position to reap the benefits of the numerous potential the Arthouse Lodge represents in one of many UK’s most dynamic cities.”
William Riordan, co-founder of Oberland, added: “The property, with its placing structure and distinctive options, affords vital worth creation alternatives and is an ideal match for our technique of buying and managing high-quality heritage belongings.”
Oberland and RealVantage had been suggested by Brodies LLP (authorized) and BDO LLP (tax).
Oberland was supported within the transaction by Swiss Finance & Property Group AG, a worldwide actual property funding supervisor primarily based in Zurich, and Glencairn Properties, a Scottish investor and developer.
