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Scotland Snapshot Q2 2021

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By Douglas McPhail and Oliver Kolodseike

Given renewed lockdown restrictions, it has been a slow start to the year in terms of commercial property investment in Scotland.


However, we expect to see a robust rebound in investment volumes throughout this year, thanks to a significant build-up of capital waiting to target the market. Economic conditions are set to improve as well as the vaccine rollout continues and lockdown restrictions are eased.

In this quarter’s Scotland Snapshot, we highlight:

  • Although investment volumes slowed significantly in Q1, they were well above the levels recorded during the first lockdown

  • Q1 saw Glasgow’s fourth-largest ever student accommodation deal (by value)

  • Scottish government could require up to 500,000 sq ft of office space
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Scotland Snapshot Q2 2021

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Douglas McPhail | Colliers | Glasgow

Douglas McPhail

Head of Scotland

Glasgow

+44 141 226 1067
+44 779 501 0110
Email

As department head, Douglas has overall responsibility for approximately 500 properties under management with a total rent roll in excess of £230million.  Helpdesk for tenant/occupier use and a full property accounts team.  He has developed the business management procedures required for ISO9001 accreditation used by the CCRE IPM department across the UK.

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Oliver Kolodseike | Colliers | London - West End

Oliver Kolodseike

Director of Economics and Research

London - West End

+44 20 7487 1671
Email

Oliver is Head of Economic Research and leads the quarterly UK forecasting process including the publication of Colliers' Real Estate Investment Forecasts (REIF) report. He also  authors the monthly Property Snapshot and, quarterly Scotland Snapshot. Prior to joining Colliers, he worked for the Centre for Economics and Business Research and IHS Markit. Oliver holds a BA in Economics from  Georg-August University Göttingen (Germany) and an MSc in Economics from Exeter University.

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