SSE submits plans for new power station in Scotland Apr 8, 2022 Developers SSE Thermal and Equinor want to deliver the proposed 910MW Peterhead Carbon Capture Power Station on the Aberdeenshire coast. In January, SSE Thermal and Equinor entered the Peterhead project into a UK Government competition which aims to support industrial clusters to decarbonise. Earlier this month, it was announced that the project will progress to full evaluation […] Posted by: Leon Newton Read more
Edinburgh Gateway site acquired in joint venture with more homes planned for the west of the capital Apr 7, 2022 Osborne and Moda Living to develop 15.5-acre Edinburgh site. A joint venture between the two signals the commitment of both organisations to the capital, and will deliver a new urban quarter close to transport links at the rail and tram interchange in an area which has historically been the Saica packaging factory. The development will […] Posted by: Mya Driver Read more
Scottish Government gives green light to £500m Edinburgh Garden Village Apr 6, 2022 The first phase of the Edinburgh Garden District – Redheughs Village – is set to deliver 1,350 homes of various types and tenures, including more than 330 new affordable homes, as well as funding for a new primary school and nursery that will ensure places for all children on site. The development will also deliver […] Posted by: Mya Driver Read more
HUB and Bridges Fund Management lodge plans for Edinburgh BtR and creative working scheme Apr 5, 2022 The project will provide 205 Build to Rent homes, including 52 affordable homes, as well as creative workspace co-designed with locals and a new publicly accessible courtyard. The proposals for Beaverhall Road will replace an existing warehouse building, with a contemporary scheme that maintains the site’s status as a hub for the local creative community, […] Posted by: Mya Driver Read more
Nuveen Real Estate acquires 5 logistics assets in £125m deal Mar 10, 2022 UKREiiF attendee Nuveen Real Estate, one of the largest investment managers globally, has acquired five logistics assets across Norway, Germany, Spain and the United Kingdom. The acquisitions represent an overall investment of close to €150 million with the total gross area spanning 89,271 sqm (960,905 sq ft). All but one of the assets acquired are […] Posted by: Mya Driver Read more
Accrue Capital secures M7 Capital loan to refinance two assets Mar 7, 2022 M7 Capital, a full-service real estate debt specialist, announces that it has provided, on behalf of its UK debt fund TREC II, a £4 million loan to Accrue (Forum) LLP. The Sponsor (Accrue Capital) is a property investment, development, and asset management business with experience across all real estate sectors. The company invests its own […] Posted by: Mya Driver Read more
University in JV to bring forward food and drink innovation hub Feb 28, 2022 A report to East Lothian Council last week approved the Joint Venture Structure between the local authority and Queen Margaret University that will take forward the delivery of the plans. The Court of the University also gave its go ahead for the joint venture. The first stage of the development, construction of the Food and Drink […] Posted by: Mya Driver Read more
Two ‘Green Freeports’ set to be created in Scotland Feb 14, 2022 The Scottish and UK governments have agreed to establish two green freeports in Scotland. The special economic zones, offering tax breaks and lower business tariffs, are being promoted by the UK government as part of its “levelling-up” agenda. The deal comes as Prime Minister Boris Johnson visits Scotland on Monday. A bidding process will begin […] Posted by: Mya Driver Read more
First World Hybrid Real Estate snaps up suburban retail park in £12m deal Feb 8, 2022 FWHRE, an Isle of Man Regulated Fund, listed on The International Stock Exchange (TISE), has completed the acquisition of units 1A and 1B, West Retail Park in the affluent residential suburb of Milngavie, just north of Glasgow. The two units are let to Aldi and Home Bargains until June 2039 and June 2034 respectively. The […] Posted by: Mya Driver Read more
Kennedy Wilson acquires landmark Edinburgh office building from PATRIZIA in £80m deal Feb 7, 2022 Global real estate investment company Kennedy Wilson (NYSE: KW) has acquired Waverleygate, a wholly-owned prime office building in Edinburgh, from the real assets investment manager PATRIZIA for $106 million, excluding closing costs. Waverleygate is one of the most prominent office buildings in the heart of Scotland’s capital city and is 97% occupied by national credit-worthy […] Posted by: Mya Driver Read more
