Acquisition of The Gyle Shopping Centre and Launch of Open Offer Aug 10, 2023 Capital & Regional (LSE: CAL), the UK focused REIT with a portfolio of in-town community shopping centres, is pleased to announce that it has entered into an agreement to acquire The Gyle Shopping Centre (“The Gyle” or the “Property”) in Edinburgh for a total acquisition consideration of £40 million, excluding acquisition costs. The consideration for […] Posted by: Mya Driver Read more
£7.5 million sale of hotel in Glasgow at 7.9% premium to book value Aug 9, 2023 The Board of Directors of Alternative Income REIT PLC (ticker: AIRE), the owner of a diversified portfolio of UK commercial property assets predominantly let on long leases with inflation-linked reviews, is pleased to announce that it has completed the sale of the Mercure City Hotel, Ingram Street, Glasgow, for a total consideration of £7,500,000 to […] Posted by: Mya Driver Read more
Planning application to be submitted for 256 sustainable homes at Ferry Road site Aug 8, 2023 New images showing the spectacular homes-led redevelopment of one of Edinburgh city centre’s largest potential development sites have been revealed. Regeneration specialist Artisan Real Estate, together with fund manager REInvest Asset Management S.A., has unveiled detailed plans to redevelop the former Deutsche Bank House at 525 Ferry Road, Edinburgh, near the Crewe Toll roundabout. The office […] Posted by: Mya Driver Read more
Drax Receives Approval for £500 Million Underground Hydro Storage Plant Project Aug 4, 2023 Drax Group, a leader in renewable energy, has received development consent from the Scottish Government for its innovative plans to construct a new underground pumped storage hydro plant at its existing Cruachan facility in Argyll. The project, which is estimated to cost around £500m, marks a significant step in Scotland’s path to net zero, as […] Posted by: Mya Driver Read more
Government confirms Scotland carbon capture plans Jul 31, 2023 UK Prime Minister Rishi Sunak has today travelled to Scotlandf to confirm plans for a multi-million pound carbon capture project in Scotland which would create the UK’s fourth cluster for transitioning to a net zero UK. “Project Acorn” is set to strengthen to UK’s energy security strategy – with millions of pounds of funding announced […] Posted by: Mya Driver Read more
Gorbals District in Glasgow Prepares for Major Transformation Jul 26, 2023 In a significant development, two towering residential blocks in Glasgow’s Gorbals district are slated for demolition due to fire safety concerns. The New Gorbals Housing Association (NGHA) has initiated the process of relocating residents from the 276 flats located at 305 and 341 Caledonia Road. The decision to demolish the buildings was taken following a […] Posted by: Mya Driver Read more
Aberdeen brownfield development opportunity Jul 25, 2023 Shell, the oil giant, is planning to demolish its office complex located in Aberdeen’s Tullos industrial estate. The extensive campus, which includes a range of buildings constructed between 1973 and 1992, is now vacant following Shell’s move to the city centre. The buildings, deemed unsuitable for sustainable reuse due to their age, construction, and floor […] Posted by: Mya Driver Read more
Henderson Park acquires Edinburgh’s iconic Caledonian hotel Jul 3, 2023 Henderson Park, the private real estate investment fund manager, together with its in house hospitality operator and asset manager, Klarent Hospitality, has acquired the landmark Waldorf Astoria Edinburgh – The Caledonian. Completed in 1903, the five star 241-room hotel is a category A listed building* with an iconic red sandstone façade, which has been part […] Posted by: Mya Driver Read more
New agreement heralds next phase of £100m plans for Falkirk Jul 3, 2023 A £100m project which is set to deliver new homes, offices, food outlets and leisure facilities in Falkirk is on course to commence next year, following the signing of a new development agreement. The move, which comes as joint venture partners Hargreaves Land and Fintry Estates have reached agreement with Falkirk Council, paves the way […] Posted by: Mya Driver Read more
Scotland Green Freeports moves ahead Jun 30, 2023 Following a report agreed by Full Council in May 2023 on the Inverness and Cromarty Firth Green Freeport (ICFGF), Council members have received a further update (Thursday 29 June 2023) on the current Outline Business Case (OBC) stage of the Green Freeport process and the work to date. Leader of the Council, Raymond Bremner said: […] Posted by: Mya Driver Read more
