TFT acts for Knight Frank Investment Management on c.£10m Edinburgh hotel acquisition

Tuffin Ferraby Taylor (“TFT”), independent property and construction consultancy, has completed Technical Due Diligence on behalf of its client, Knight Frank Investment Management (“KFIM”) at Travelodge at 30/31 Queen Street, Edinburgh.

In only seven days, TFT undertook a full Technical Due Diligence survey and Reinstatement Cost Assessment, enabling KFIM – on behalf of the Long Income Property Unit Trust (“LIPUT”) – to complete its £10m purchase of this prime city centre hotel in the heart of Edinburgh’s New Town.

Neil Wotherspoon, Technical Partner, Tuffin Ferraby Taylor, said:

“This deal demonstrates yet further confidence in Edinburgh’s ever-popular hotels’ sector. The Queen Street property retains its original Georgian façade on one of the Scottish capital’s iconic streets only a stone’s throw from the £850 million regeneration at Edinburgh St James.

“We are very proud of our long-standing relationship with Knight Frank Investment Management. Our ability to deploy quickly and offer rigorous support enabled the client to complete the transaction only days after we were instructed.”