Savills has brokered the sale of 98 Buchanan Street and 31 Royal Exchange Square, Glasgow, to Cervidae for £13.775 million.

The sale marks the conclusion of Old Park Lane Management's (OPLM) asset management plan in Scotland, as the company focuses on its core strategy of large-scale development in central London.

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98 Buchanan Street comprises 21,498 sq ft of prime retail space and is currently leased to Lush for its flagship Scottish store on a 12-year lease. 31 Royal Exchange Square totals 9,402 sq ft and is let to Italian restaurant Banca di Roma on a six-year lease.

"We were delighted to represent OPLM in this disposal, the conclusion of which follows a flurry of activity on Buchanan Street, with more than £25 million placed under offer at the end of 2024," said Eilidh Levein, Associate in the Scotland investment team at Savills.