£22 million funding for Hilton Hotel renovation Jun 27, 2023 Arc & Co, a specialized debt advisor, has successfully obtained a £22 million facility from OakNorth Bank to finance renovation projects for the Hampton by Hilton hotel situated at Edinburgh Airport. The senior commercial loan, with a duration of three years, is secured against the hotel itself and operates on an interest-only basis.Ability Hotels, the […] Posted by: Mya Driver Read more
New agreement heralds next phase of £100m plans for Falkirk Jun 26, 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 for a […] Posted by: Mya Driver Read more
Schroders Capital and Corran welcome approval for former Scottish Widows HQ redevelopment Jun 20, 2023 The City of Edinburgh Council has approved (‘minded to grant’) a planning application for the redevelopment of the former Scottish Widows Headquarters submitted by Schroders Capital’s real estate division and Corran Properties. The plans secure a major step forward for the long-term, sustainable future of the building on Dalkeith Road. The Council’s Development Management Sub […] Posted by: Mya Driver Read more
Shakespeare Martineau advises Capreon on a £164 million acquisition Jun 14, 2023 Imperial Retail Park, covers a total of 32,200m2 and is the largest retail and leisure destination in South Bristol. The scheme is anchored by B&Q, The Range, HomeSense, M&S Foodhall, Next and Boots, and is currently 97% let. Fife Central Retail Park, acquired in 2005, covers a total of 30,200m2, is 95% let and anchored […] Posted by: Mya Driver Read more
Public engagement on Local Development Plan 2 to start Jun 9, 2023 People in East Lothian are being given an opportunity to have their say in response to consultations focused on plans to support the council’s vision of an even more prosperous, safe and sustainable county, with a dynamic and thriving economy that enables people and communities to flourish. A series of joint consultation events on related […] Posted by: Mya Driver Read more
Green light for Ardrossan Harbour redevelopment agreement Jun 2, 2023 The ongoing project to transform Ardrossan Harbour has reached an important stage. North Ayrshire Council’s Cabinet has approved an agreement which will trigger the beginning of the procurement process for the multi-million pound redevelopment. This agreement with the Ardrossan Harbour Company Limited (AHCL) will enable Peel Ports Group to lead a procurement process to secure […] Posted by: Mya Driver Read more
Proposals announced for 20-minute neighbourhood at Straiton May 25, 2023 Exciting proposals to deliver a residential-led development at Straiton North in Midlothian have been announced. Located on the opposite side of Straiton Road from the retail park, proposals by Straiton Estates Ltd will see the delivery of a mix of uses as part of a new 20-minute neighbourhood if consented. In addition to new much-needed […] Posted by: Mya Driver Read more
Puma Property Finance and Glenmore Group partner on new £25 million student accommodation project in Dundee May 24, 2023 Puma Property Finance (Puma) has today announced it is providing a development facility for Glenmore’s most recent purpose-built student accommodation (PBSA) project in Dundee. The £25 million, 152-bed all-studio accommodation is located minutes away from both the University of Dundee and Abertay University, next to the city centre. The development will be Puma’s third with […] Posted by: Mya Driver Read more
Link Group secures £70.7m Bank of Scotland sustainability-linked funding Apr 19, 2023 Link Group, one of Scotland’s leading housing and support organisations, has secured a new £70m funding package with Bank of Scotland it was announced this week. The agreement, which includes an existing £10.7m loan, puts in place a five-year Revolving Credit Facility (RCF) of £60m, providing flexibility and liquidity to Link Group to support its […] Posted by: Mya Driver Read more
Glasgow collaborates with UK Infrastructure Bank to accelerate Clyde Metro development Apr 14, 2023 A project that seeks to accelerate the development of Clyde Metro has been agreed between Glasgow and UK Infrastructure Bank (UKIB). UKIB has been working with the council to support the development of financial and commercial plans for the mass transit project which was recently confirmed by the Scottish Government as a key priority for […] Posted by: Mya Driver Read more
