One more indicator of economic well-being as Investment in Glasgow office property surges four-fold and Scotland ‘very much on the wish list’



Based on the annual regional cities office market review produced by Knight Frank , Glasgow saw a four-fold increase in the total value of investment last year with almost half due to overseas investment. From Knight Frank and reported in Insider today:

‘Clearly, prime asset opportunities in Scotland remain highly sought after across the globe. In 2018, we expect to see competition between investors, coupled with a shortage of premium asset opportunities, contributing to hardening yields. For many organisations, it’s clear that Scotland remains very much on the wish list.’

I know I keep battering away at this, but we have here, the kind of hard evidence of a strong economy which contrasts with the woolly estimates favoured by our media – GDP and GERS. There are probably thirty of forty earlier reports here providing other comparable hard evidence. Here are only some:

Business growth in Scotland well ahead of UK average

Scottish business confidence soars to three and a half-year high

And another one: ‘Scotland Revealed as Top Place in UK to Launch New Business’

77% of Scotland’s small and medium-sized businesses report success as Scottish Government reports record numbers exempt from rates and in the wake of figures revealing much greater signs of distress among rUK businesses.

£226 million given in relief to small businesses in 2017-18 as part of most generous scheme in the UK

40% increase in number of new Scottish businesses mainly under SNP government

Scottish businesses showing signs of greater health than those in the rest of the UK

Much of this is based on easily-accessed, mainstream, business magazines which I must assume litter the coffee tables in Pacific Quay.


5 thoughts on “One more indicator of economic well-being as Investment in Glasgow office property surges four-fold and Scotland ‘very much on the wish list’

  1. William Henderson February 28, 2018 / 12:24 pm

    Slioghtly tangential, but these new offices will be well lit and heated by the windmills. As of this morning, which is quite chilly, wind power is supplying more than 20% of the UK’s electricity. That’s a third more than the contribution from nuclear!

    Liked by 1 person

  2. Alasdair Macdonald. February 28, 2018 / 12:40 pm

    “I know I keep battering away at this …..”

    There is no need to adopt an apologetic tone, because one of the aims of the site, which I support, is that you highlight data which show Scotland in a positive light, to counteract the relentless ‘talking down’ which makes up the menu of the predominantly unionist media. Had the Frank Knight report indicated that such investment in Glasgow property had shown, say, a 5% decline, then, almost certainly, it would have reported prominently, possibly after only ‘broken ankle man’, which the BBC considers to have been fair and accurate.

    You are tight, too, to draw comparisons with the GERS data which is the principal source of unionist carping – as it was designed to be – and which is based on data in categories of which 24 out of 25 are estimates.

    Liked by 2 people

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