UK institutions dominated much of the activity north of the border, investing £245.41m, while the Retail & Leisure sector accounted for 49.5% of the total volume invested in Scotland.
In all 35 deals were completed in Q1 of 2015, eight more than the same period last year, while average deal size also increased from £16.8m in Q1 2014 to £16.42m in the first quarter this year.
Some of the key deals in Scotland in the first quarter of 2015 included M&G Real Estate’s £72.36m purchase of 120 Bothwell Street, Glasgow from CS Euroreal; the £70m purchase of Clyde Shopping Centre, Clydebank by Edinburgh House Estates from Helical Bar; and the purchase of the Radisson Blu Hotel, Edinburgh by Deka Immobilien GmbH from WG Mitchell in a deal worth £63.5m.
Bill Binnie, Investment Consultant in Capital Markets with Lambert Smith Hampton in Glasgow, said: “Despite the uncertainty of the outcome of the General Election it is a strong set of figures in Q1 for Scotland. Across the UK, total investment as a whole climbed to £19.1bn in Q1 2015, 59% higher than the same time last year and a new record for a first quarter.