Savills, on behalf of Old Park Lane Management (OPLM), has sold 31 Royal Exchange Square and 98 Buchanan Street, Glasgow, to Cervidae for £13.775 million.

Savills said 98 Buchanan Street comprises 21,498 sq ft of prime retail space and is let in its entirety to Lush for its flagship Scottish store, on an unexpired lease term of 12 years. It said 31 Royal Exchange Square totals 9,402 sq ft and is let to Italian restaurant Banca di Roma on an unexpired lease term of six years.

Eilidh Levein, Associate in the Savills Scotland investment team, said: “We were delighted to represent OPLM in this disposal, the conclusion of which follows a flurry of activity on Buchanan Street, with more than £25 million placed under offer at the end of 2024.”

JLL represented the purchaser.