Having completed the asset management plan, OPLM is focusing on its core strategy of large-scale central London development with Buchanan Street representing its last remaining asset held in Scotland.

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. The second, 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 Scotland investment team at Savills, 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.