Realty Seals £200.8m Agreement for 11 UK Retail Parks Sep 18, 2023 In a significant move in the UK’s real estate sector, the American real estate conglomerate, Realty, has announced an agreement to acquire 11 retail parks from Ediston Property Investment Company for a sum of £200.8 million. The deal, which involves Ediston’s entire property estate, is with RI UK 1 Limited, a subsidiary of Realty. The […] Posted by: Mya Driver Read more
£120 million proposal for 500 homes to go before Falkirk council Oct 25, 2022 A Cala Homes proposal for the Gilston Park residential-led mixed-used development has been submitted by Halsteen the application for planning permission in principle. The proposal has been recommended for approval by officers, and will assist Falkirk Council to achieve its required housing land supply targets. The scheme has also received support from Forth Valley Chamber […] 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
£31M proposed to Revitalise Port Glasgow Estate Oct 27, 2023 The defunct Clune Park estate in Port Glasgow is set to undergo a £31 million transformation as per the revised masterplan recently revealed. Inverclyde councillors are now faced with the task of approving these fresh redevelopment proposals, which have been refined since their initial presentation in October 2018. The struggle to secure control over privately-owned […] Posted by: Mya Driver Read more
£7.5 million sale of hotel in Glasgow at 7.9% premium to book value Aug 9, 2023 The Board of Directors of Alternative Income REIT PLC (ticker: AIRE), the owner of a diversified portfolio of UK commercial property assets predominantly let on long leases with inflation-linked reviews, is pleased to announce that it has completed the sale of the Mercure City Hotel, Ingram Street, Glasgow, for a total consideration of £7,500,000 to […] Posted by: Mya Driver Read more
£800 Million Easdale Portfolio Boosted by Latest Renfrewshire Acquisition Dec 8, 2023 The Easdale brothers, prominent businessmen from Greenock, have enhanced their £800 million property portfolio with a new acquisition in Renfrewshire. Sandy and James Easdale, through their property investment branch, Dalglen, have recently purchased additional land at the Neil Street Industrial Estate in Renfrew, previously owned by Peel Waters Ltd. This expansion adds another 13,750 square […] Posted by: Mya Driver Read more
61.5 acre site acquired for development near Edinburgh Airport Sep 29, 2022 GSS Developments pay an undisclosed sum for 61.5-acre former Continental Tyres Factory near Edinburgh. The brownfield site has been abandoned since 1999 and could be a residential and/or commercial development one mile from Edinburgh Airport. Commenting on the purchase, which was assisted by corporate law firm Dickson Minto, Paul Stevenson of GSS Developments said: “This […] 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
Aberdeen Council launches plans to build council homes across two sites Jun 14, 2022 Aberdeen City Council has launched a consultation on plans for the build of council houses at two proposed sites in the city. The Greenferns and Greenferns Landward developments are both on land already owned by the local authority, with it saying that council homes would be built as phase one of the development of the […] Posted by: Mya Driver Read more
Aberdeen High Rises Face Potential Demolition Oct 25, 2023 Aberdeen’s cityscape may undergo a transformation as eight prominent tower blocks, including well-known structures like Marischal Court and Hutcheon Court, are under consultation for potential demolition. Aberdeen City Council has launched a comprehensive consultation to gather feedback from residents and property owners about the fate of these eight high rises. This move, seen by many […] 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
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
