westbrooke UK finances longstock capital’s acquisition of atrium court

Westbrooke Alternative Asset Management UK (“Westbrooke”) has provided a senior debt facility to support Longstock Capital’s acquisition of Atrium Court, a prominent 104,000 sq ft listed office building in Glasgow’s city centre. Originally built in 1890 as the city’s primary post office, the building was repurposed in 1989 into a five-story office building behind its original limestone façade. The combination of period features alongside large, efficient floorplates offers a blend of character and functionality valued by occupiers in Glasgow’s office market.

Westbrooke remain an active lender to the office sector, even in secondary markets where other lenders have pulled back. Longstock Capital have a strong track record with similar assets, and Westbrooke look to back experienced sponsors and well-located assets with strong fundamentals. By structuring flexible facilities that enable proactive asset management, combined with targeted capital expenditure, Westbrooke aim to support long term value creation in this space.

Glasgow’s office market has demonstrated resilience, with Q1 2025 take-up reaching 150,631 sq ft, well above five- and ten-year averages, and Q1 leasing volumes 32% ahead of the same period in 2024 (Savills 2025), highlighting ongoing demand for quality, well-located space despite limited supply.

Harry Newall, Head of Origination at Westbrooke UK, said:

“We remain confident in the long-term role of quality offices in strong regional markets. We are particularly interested in working with great sponsors in markets that may be under served by mainstream capital, where a tailored facility can unlock genuine value.”

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