Blackrock makes €2.6m from Edinburgh land sale

Property investment company Blackrock International Land has exchanged contracts for the sale of a three-acre site in Edinburgh for €6m, realising a profit after costs and before tax of €2.6m.

The land, which is located at Calder Road, Sighthill in Edinburgh, has been purchased by the VW group for the construction of a new Audi car sales showroom. The transaction is expected to complete in early 2008.