A BUSINESS park in Galashiels has been sold for £8.6 million.

It was announced today that M7 Real Estate has bought the Galabank Business and Trade Park at Wilderhaugh.

The complex currently hosts firms such as Kyowa Kirin International PLC, Momentum Scotland, Cube (GB) Ltd, Jewson, City Plumbing Supplies, City Electrical Factors, Rexel UK and Dingbro.

Jamie Thain of Galbraith, who concluded the sale on behalf of Abercastle Investments, said: “The investment attracted good interest due to its significance within the location, quality of accommodation and strong tenant line up.

"It not only provides high quality modern office accommodation within the town but has also attracted many of the UK’s largest trade counter operators who have clustered within the park and trade well from it due to Galashiels’ central geographical location within the Scottish Borders.

"It is a clear example of continued investor appetite for well-presented investments with ongoing asset management potential, even in these unprecedented times.”