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
Glasgow Set for Transformation with 600 New Homes in Cowcaddens Mar 15, 2024 Glasgow is on the brink of a major urban renewal project as plans to demolish the vacant Buchanan House at Cowcaddens and replace it with a modern housing complex are recommended for approval. The project, initiated by investment management company Davidson Kempner and real estate firm Global Mutual, proposes the creation of 519 build-to-rent flats […] Posted by: Mya Driver Read more
Lomond Acquires 2000 Property Portfolio in Scotland Mar 7, 2024 Lomond has announced the acquisition of Tay Letting, significantly enlarging its footprint in the Scottish rental market. The deal brings more than 2,000 properties across Glasgow, Edinburgh, and Dundee into Lomond’s portfolio, marking its fourth major acquisition in Scotland within a span of nine months. The newly acquired properties will be integrated into the operations […] Posted by: Mya Driver Read more
Union Square in Aberdeen Sold for £111 Million Amid Strategic Asset Disposal Feb 28, 2024 The Union Square shopping centre, a prominent retail and leisure hub in Aberdeen, has been acquired by a US-based affiliate of the Lone Star Real Estate Fund for £111 million. This sale concludes Hammerson’s targeted strategy to shed non-core UK assets, with the property developer announcing that the transaction is set to complete by the […] Posted by: Mya Driver Read more
Edinburgh’s Housing Horizon Expands with Over £1 Billion Development by Summix Feb 28, 2024 Regeneration company Summix has secured a 15.5-acre site in west Edinburgh, previously utilised by Spanish paper and cardboard company Saica, heralding a significant move towards addressing the housing needs within the city. This acquisition is in line with Edinburgh’s City Plan 2030, which highlights the Maybury site’s potential for the development of over 1,000 new […] Posted by: Mya Driver Read more
