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Business: pounds 15m for refurbished offices in heart of city.

Byline: John McEachran

MILLER Developments have sold business accommodation at Hanover Buildings on Rose Street, Edinburgh, to City Site Estates plc for around pounds 15m.

Miller Developments extensively refurbished the block, a prominent feature building in the heart of Edinburgh, to provide 46,500 square feet of top quality mixed use office and retail accommodation. Tenants secured in the three- storey building which include Bank of Scotland, Scottish Ministers, John Menzies,easyEverything, The Financial Times and Yo! Sushi.

Miller Developments director Andrew Sutherland said: "We are pleased with the sale of Hanover Buildings to City Site Estates.

"It reflects a net yield in the order of 7.1 per cent."
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Publication:Daily Record (Glasgow, Scotland)
Geographic Code:4EUUK
Date:May 20, 2002
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