Galbraith a real hot property

PROPERTY consultancy CKD Galbraith has reported a sharp rise in turnover one year on from its formation by the merger of Cluttons Scotland and CKD Finlayson Hughes.

The firm said its first 12 months of trading have proved "a great success", with income growing by 25 per cent to 5 million, compared with the combined turnover of the two independent operations the year before.

CKD Galbraith’s commercial division handled sales of properties worth 25m in the past quarter alone, "significantly more" than in the same period in 2003. It now manages 250m of commercial assets for its clients.

The Edinburgh-based group also predicts the Capital’s property prices will continue to rise over the coming year.

Chairman James Galbraith said: "The demand for income-producing commercial property investments is very strong all over the Capital, and residential property continues to increase in value."

Thirteen staff were recruited over the past 12 months, increasing the firm’s head-count to 93, in offices in Edinburgh, Glasgow, Inverness, Perth, Ayr, Aberfeldy and Cupar.