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Murphy Group eyes expansion with key acquisitions in East Kilbride

Murphy Property is expanding its portfolio of properties, with the acquisition of an existing East Kilbride office development and construction of a new commercial trade park (Stroud Road Trade Park), thanks to a seven-figure funding package from Royal Bank of Scotland.

Located on Rankine Avenue, in G75 0QF Glasgow, the office development Arx House (formerly the East Kilbride Technology centre) offers a total of 23,760 sq. ft. high-spec workspace to a variety of tenants, while the 18,000 sq. ft. commercial development already has pre-let 9,000sqft to kitchen retailer Magnet, with construction due to complete in September 2019.

Murphy Group eyes expansion with key acquisitions in East Kilbride.
“These new assets are fantastic additions to our growing portfolio of properties. Arx House is an important asset in the area as it provides potential tenants with a variety of options and is well connected to the surrounding area with brilliant transport links. We will be investing in the property to attract businesses looking for premium office space in a key location,” Glenn Murphy, CEO of Murphy Young Group, said. “There is an increased demand for high quality commercial trade units in Scotland, demonstrated by our pre-let to Magnet and by interest in the remaining spaces.”

“The Murphy Young Group continues to grow, thanks to its ability to identify and secure prime assets and investment opportunities. Arx House and the Stroud Road Trade Park are solid additions to its already diverse portfolio, and we wish Glenn continued success in the future,” Gus Johnstone, Relationship Director at Royal Bank of Scotland, said.
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