BMO Real Estate Partners, the institutionally-partnered business within the commercial property has a global portfolio worth £6.9 billion. The Real Estate Partners have announced that they have purchase of 203-205 Argyle Street, Glasgow.

BMO focus on using detailed information into the proprietary and external research alongside accurate forecasting systems and other strategic analysis in order to uncover inefficiencies in the property market in order to find opportunities for improvement within property but also in different countries, types and tenants. BMO also offer a range of services including real estate fund management from a network of offices that cover four different countries. BMO work out of London, Munich, Paris and Dublin. BMO Real Estate Partners are part of the BMO Global Asset Management, who is also integrated into BMO Financial Group. BMO Financial group was founded in 1817 as the Bank of Montreal.

Acting on the instruction of Toscaig Properties, the properties that have been purchased are currently being let by the fast food restaurant Pizza Hut. The popular pizza chain will continue to let the properties from the new owners until 2021. The annual rental return of these properties is in the area of £179,500. Toscaig already own property on Argyle Street, located at 167-201. These properties represent the initial net yield of 5.75%. Toscaig Properties Limited is a privately owned company based in the Channel Islands, and owns numerous properties in Glasgow. This kind of action is therefore not strainge to Toscaig Properties.

Argyle Street is named after the Duke of Argyle and is the longest street in Glasgow. It is also one of the shopping streets in the city.