Major Development in Glasgow High Street Changes Hands Jul 16, 2024 Revised plans are being drawn up for Glasgow’s expansive High Street goods yard site following its sale to a new developer. The 7.5-acre derelict site, located between Collegelands and Bell Street, has been acquired by Galliard Apsley Partnership, a joint venture between Galliard Homes and Apsley House Capital, which focuses on large-scale brownfield regeneration. Previously, […] Posted by: Mya Driver Read more
Assetz Capital Completes £5m Refinancing for Glasgow ibis Styles Hotel Jun 28, 2024 Assetz Capital has finalised a £5 million commercial mortgage to refinance the ibis Styles hotel in Glasgow. David Hehir, the relationship director at Assetz Capital, commented, “I was delighted to be able to support the re-finance of the ibis Styles Glasgow Central Hotel with a £5m debt package.” Hehir added, “We worked closely with Maven […] Posted by: David Gilbank Read more
UK Banks Invest £100 Million in Ardersier Port Renewable Project May 13, 2024 Ardersier Port, situated near Inverness, has successfully secured a £100 million investment from two state-owned banks to aid its development into a vital renewable energy hub. The Scottish National Investment Bank and the UK Infrastructure Bank have each contributed £50 million to Haventus, the company overseeing the port, which is also benefiting from green tax […] Posted by: David Gilbank Read more
Levelling Up Partnerships rolled out in Scotland for first time May 10, 2024 Dundee has been chosen as the first area in Scotland to benefit from a major tailored regeneration programme designed to support communities across the UK. The city will receive a £20 million Levelling Up Partnership from the UK Government designed to root out inequalities by attracting investment and increasing opportunities for local people, including by […] Posted by: David Gilbank Read more
Glasgow Housing Association Secures £25 Million for Property Enhancements Apr 29, 2024 Maryhill Housing Association has secured a substantial investment of nearly £25 million to enhance and maintain its current housing stock, with a focus on sustainability measures and advancements towards achieving net-zero objectives. The association manages a diverse portfolio comprising over 3,100 properties in Maryhill and Ruchill, encompassing various housing types such as tenements, retirement housing, […] Posted by: David Gilbank Read more
East Kilbride’s Centre West to Make Way for Housing Development Apr 26, 2024 South Lanarkshire Council has greenlit plans to transform part of the East Kilbride shopping centre into a residential neighbourhood. The decision follows years of decline, with a third of the units in Centre West Shopping Centre now standing vacant. Ownership of Centre West Shopping Centre will shift to the council, while the remaining portion, owned […] Posted by: David Gilbank Read more
Scottish National Investment Bank commits additional £20 million Apr 23, 2024 The Scottish National Investment Bank (the “Bank”) has committed a further £20 million to the Mid-Market Rent (“MMR”) strategy (“New Avenue Living” or the “Fund”) managed by Thriving Investments, the social value and ESG-focused real estate fund manager. The Bank’s follow-on investment will support the development of up to 100 new homes and takes its […] Posted by: Mya Driver Read more
Aberdeen’s Annan House Acquired by Israeli Firm for £32 Million Apr 18, 2024 In a noteworthy transaction, an Israeli investment company has completed the purchase of Annan House in Aberdeen, sealing the deal at £32 million, a figure considerably less than the original £42 million asking price. Situated in the North Dee Business Quarter, the 120,000 square foot office block had been on the market since last year, […] Posted by: Mya Driver Read more
Russell Group Expands with Acquisition of Coatbridge Rail Terminal Apr 17, 2024 Russell Group, a Scottish logistics firm, has expanded its operations by acquiring the Coatbridge Rail Terminal from Freightliner. This strategic acquisition places the terminal adjacent to Russell Group’s existing Coatbridge facilities, enhancing the company’s network connectivity and service capabilities. The new addition to the Russell Group’s portfolio is expected to offer substantial benefits across various […] Posted by: Mya Driver Read more
Briar Homes Gains £7.3m Support to Boost Scottish Housing Development Apr 12, 2024 Glasgow-based housebuilder Briar Homes has received a substantial financial boost of £7.3 million from the Bank of Scotland and the Housing Growth Partnership (HGP) to further its housing projects across Scotland. This funding is set to kickstart the development of 310 new homes, which includes 66 affordable units, addressing the urgent need for more housing […] Posted by: Mya Driver Read more
