SRA Ventures acquires mixed use site in Piershill Place.
SRA Ventures (SRAV), the Edinburgh based commercial property investment company, announced the acquisition of a mixed use site in Piershill Place, Edinburgh. The site, close to Edinburgh city centre comprises of two partially refurbished residential units; a former pub and a warehouse.
Susana Garcia, Chief Operating Officer, said:
“This is an exciting acquisition for SRAV, adding to our already significant industrial assets portfolio. It is a well-connected site close to the city centre.
We expect considerable demand for the units once they are refurbished. We have detailed plans to provide a substantial overhaul of the industrial and former pub units, including a new roof and recladding of the external building, new roller shutters, internal electrical rewiring, new heating systems and state of the art fire and burglar alarm systems.
We will be using our intensive management skills to maximise the investment and we are confident that all refurbishment works will be completed by the end of Q1 2016.”
She went on to say “We are actively looking to double the size of our portfolio and welcome any introductions.”