Deal is Starwood’s first European purchase for its newly established vehicle. : Starwood Capital Group has invested in a 172,307sqft office development in Scotland for a new real estate fund. The private equity firm said it had acquired the St Vincent Plaza office building in the Scottish city for an undisclosed sum. James Fogarty, vice president for Starwood Capital Group, said it was “the first European acquisition for our recently established vehicle focused on value-add opportunities”.