Galbraith (business)

Galbraith
Industry Real estate
Founded 2003
Headquarters Edinburgh, United Kingdom
Area served
 Scotland
Key people
 Iain Russell, Chairman
Services Sales, lettings, commercial, rural, energy, forestry, building surveying
Website www.galbraithgroup.com/

Galbraith is a property consultancy in Scotland. The firm offers a range of property consulting services across commercial, residential and rural sectors.

History

In April 2003, CKD Galbraith was formed through the merger of the Scottish offices of Cluttons with CKD Finlayson Hughes. The firm has antecedents dating back to the 18th century. In July 2009, CKD Galbraith acquired the Buccleuch John Sale estate agency and chartered surveying business based in the Scottish borders, thus adding three regional offices to its network.[1] In 2013, CKD Galbraith merged with Hayes Macfarlane becoming one of the top Single Farm Payment brokerages in Scotland.[2] In 2017, the company was rebranded as Galbraith.[3][4]

Operations

The firm currently employs more than 230 people (Feb 2017)across 11 regional offices across Scotland.[5][6]

Services

The firm operate in a range of real estate sectors, including residential, commercial, estate, and farm property. They arrange finance through the Agricultural Mortgage Corporation for commercial farms and estates.[7] [8]

They have an established energy department that advises landowners and other private clients on the suitability and likely return from windfarm developments across Scotland. In February 2011, the firm published a report that estimated the annual rental return for landowners with windfarm developments on their land was £26,000 per annum - a figure that would continue to rise as demand for renewable developments increases.[9]

Estate sales

The firm handled the sale of Taransay, an island in the Outer Hebrides of Scotland which was the location of the BBC television series Castaway 2000.[10] The property was marketed at an offers-over price of £2 million in June 2011 and was sold to a landowning family for an undisclosed sum.[11]

In recent years, the firm has also been responsible for marketing a number of other large estates including the Heights of Kinlochewe,[12] Tournaig Estate,[13] Dalmagarry Estate[14] and Newtyle Fishings, a stretch of fishing rights on the River Tay.[15]

In September 2011, commentary by the firm found that Scottish estates were changing ownership on average every 16 years, and suggested that Scottish estates were being increasingly targeted by wealthy foreign buyers who saw land as a safe investment option.[16]

References

  1. ↑ The Scotsman - 'Major expansion' as Galbraith buys property rival
  2. ↑ http://www.heraldscotland.com/business/farming/ckd-galbraith-joins-forces-with-top-single-farm-payments-brokerage.21370895
  3. ↑ Higgins, Richard (Summer 2017). "Welcome: A dynamic place to invest". Commercial Matters (5). Galbraith. Retrieved 16 June 2017.
  4. ↑ https://www.estateagenttoday.co.uk/breaking-news/2017/8/corporates-attacked-for-swallowing-up-agencies-with-great-pedigrees
  5. ↑ The Scotsman - CKD flags brisk residential property trade in Galloway
  6. ↑ CKD Galbraith - office locations
  7. ↑ CKD Galbraith AMC Agent
  8. ↑ Multiple appointments for CKD Galbraith
  9. ↑ The Scotsman - £26,000 and rising: what wind farms generate for owners
  10. ↑ BBC News - Castaway island Taransay put up for sale
  11. ↑ BBC News - Castaway island of Taransay sold to landowning family
  12. ↑ North Star - Ross-shire sporting estates to be sold
  13. ↑ Land Gazette - Two Outstanding Highland sporting estates for sale
  14. ↑ The Press & Journal - Keen demand expected for fine Highland sporting estate
  15. ↑ stv.tv - Fishing rights along stretch of River Tay on market for £1m
  16. ↑ Financial Times - Foreign sights set on sporting acres

Galbraith Sister Companies Ossian Sporting Lets Cottages and Castles

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