Business Day: MAS grows portfolio with £71m Edinburgh deal

MAS Real Estate made its second acquisition in less than a week on Friday, buying two office buildings known as Princes Exchange and New Uberior House in Edinburgh, Scotland, for £71m. Through its subsidiary MAS (IOM) Holdings, MAS concluded a sale and purchase agreement to acquire the entire issued share capital of New Uberior House, which owns the two adjoining commercial buildings. Morné Wilken, CEO of MAS, said the acquisition of the grade A office buildings in the heart of the financial district of Edinburgh “proved the unique deal-making capabilities of the team” and further leveraged the company’s significant experience in the Edinburgh property market, having delivered on the award-winning New Waverley mixed-use development.