Glasgow’s Prime Sites Poised for £5.5m Transformation Aug 29, 2023 Glasgow is gearing up for a significant transformation as five key derelict sites in the city are set to benefit from a £5.5m regeneration fund. This initiative is part of a broader effort to revitalise vacant lands that have remained underutilised for years. Among the sites earmarked for development is the area overlooking Govan Graving […] Posted by: Mya Driver Read more
Global Infrastructure lands multi-million pound SSEN Transmission contract for design & construction of storage warehouses in Inverness and Dundee Aug 29, 2023 Leading Civil Engineering contractor in the Energy & Renewables, Utilities, Infrastructure and Transportation sectors – Global Infrastructure (Scotland) Ltd. – has been awarded a multi-million pound contract by SSEN Transmission for the design and construction of two strategic storage facilities in Dundee and Inverness. The pair of 7500m2 warehouses at the Claverhouse East Industrial Estate, […] Posted by: Mya Driver Read more
Green light for new whisky storage facility Aug 29, 2023 A planning application for a new whisky storage warehouse scheme at Throsk has been approved today (29th August) by councillors on Stirling Council. The planning approval is subject to conditions and a legal agreement being signed (CGI images courtesy of Michael Laird Architects attached). The development at Bandeath Industrial Estate, on behalf of Ian Macleod […] Posted by: Mya Driver Read more
Capital & Regional Successfully Closes £25 Million Open Offer for Shopping Centre Acquisition Aug 25, 2023 Capital & Regional PLC, a leading UK-focused REIT specializing in community shopping centres, has announced the successful closure of its Open Offer. Earlier this month, on 10 August, the company had unveiled its plans to acquire The Gyle Shopping Centre. This ambitious acquisition was set to be partially funded by an open offer aiming to […] Posted by: Mya Driver Read more
Major Property Acquisitions in Edinburgh and Glasgow Signal Robust Market Aug 23, 2023 In a series of significant property deals, French investor Remake Asset Management has acquired a prime office and retail block in Edinburgh, while S Hotels & Resorts has secured the freehold of Mercure Glasgow City Hotel. Remake Asset Management’s acquisition of the property at 40 Princes Street, Edinburgh, was finalized for £29.53 million. Built in […] Posted by: Mya Driver Read more
Ongoing investment in Argyll and Bute’s town centres Aug 11, 2023 Ambitious plans for further town centre investment across Argyll and Bute continue to help enhance the area into a great place to work, live and visit. At a meeting of the Policy and Resources committee, councillors approved proposals to support a range of projects with funding from the Scottish Government’s Place Based Investment (PBI) Programme. […] Posted by: Mya Driver Read more
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
