Protego purchase
PROTEGO Real Estate Investors has paid £6 million for 220 St Vincent Street in Glasgow for a UK pension fund client from ING Real Estate.
Among the tenants are healthcare-cover provider CIGNA, Towry Law Financial Services and Hiscox Insurance Company.
Protego, founded in April 2004 by Iain Reid, Charles Weeks and Hugo Llewelyn, continues to invest in the UK. Last year the Protego UK Property Fund merged with Threadneedle Property Unit Trust to create a 400m fund.
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Saturday 18 February 2012
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