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
£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
