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
Downing Secures Iconic Glasgow Waterfront Site for Expansion Feb 22, 2024 Downing, the prominent property developer, has successfully purchased the historical Scottish headquarters of Reach PLC, located on Anderston Quay along the scenic north bank of the River Clyde. This acquisition, part of a multimillion-pound deal, signifies a strategic enhancement to Downing’s already robust portfolio, which spans several key cities across the UK, including Brighton, London, […] Posted by: Mya Driver Read more
Opportunity? ‘Ghost Shopping Centres’ to be demolished in £36.5m Scottish Regen Feb 16, 2024 A groundbreaking strategy to revitalise Hamilton’s town centre has been unveiled, with plans to demolish outdated ‘ghost’ shopping centres to make room for a new residential quarter. South Lanarkshire Council has outlined a visionary scheme focused on the regeneration of the area, promising a mix of housing and retail revitalisation. The ambitious project targets the […] Posted by: Mya Driver Read more
Edinburgh Council Launches Consultation for Proposed Second Tram Line Feb 15, 2024 Edinburgh City Council has initiated a step towards expanding the city’s tram network by announcing plans for a public consultation on a proposed second tram route. This new line aims to enhance connectivity across the city, with discussions set to begin in spring 2024. With an estimated cost of £2 billion for the new tram […] Posted by: Mya Driver Read more
Springfield Properties agree affordable housing contract for £15m Feb 6, 2024 Springfield Properties, a Scottish housing construction company, has entered into a £15.3 million agreement with the Highland Housing Alliance (HHA) to undertake the construction of affordable housing. The agreement encompasses an initial housing bulk sale, followed by the subsequent development phase. Springfield is set to receive £4.1 million for the bulk sale of housing, with […] Posted by: Mya Driver Read more
Atom Bank Secures £3.7m Loan Deal for Edinburgh Property Feb 6, 2024 Atom bank has stepped in to provide a substantial financial boost to an Edinburgh-based property investment company, delivering a commercial loan of £3.7m. This strategic financial move comes at a critical time for the business, which was seeking to expand its portfolio with six additional properties in the city. The company, initially bound by a […] Posted by: Mya Driver Read more
Balfour Beatty secures contracts valued at £43 million to construct two new primary schools in Scotland Jan 31, 2024 Balfour Beatty today announces that it has been appointed by Hub South East to deliver two new primary schools, valued at £43 million, in East Lothian, Scotland. Balfour Beatty will be responsible for the design and construction of the two new primary schools, located in Craighall and Blindwells, which will house state-of-the-art, modern teaching facilities […] Posted by: Mya Driver Read more
