Cedarwood have acquired a 55,000sqft multi let industrial investment in Aberdeen for £4.9m on behalf of WP Carey. The asset will join the other assets within the Truffle Portfolio, bought by Cedarwood in December 2014 on behalf of WPC, which Cedarwood are asset managing.

The property is let to 3 tenants and produces an annual income of £447,000.

Together with the car dealerships purchased in November last year and the other assets in Edinburgh and Livingston, this brings the total under management within the Truffle Portfolio to £27.55 million