Built Environment Networking Blog: Scotland News

Realty Seals £200.8m Agreement for 11 UK Retail Parks

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

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£120 million proposal for 500 homes to go before Falkirk council

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 […]

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£22 million funding for Hilton Hotel renovation

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 […]

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£31M proposed to Revitalise Port Glasgow Estate

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 […]

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£7.5 million sale of hotel in Glasgow at 7.9% premium to book value

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 […]

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£800 Million Easdale Portfolio Boosted by Latest Renfrewshire Acquisition

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 […]

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61.5 acre site acquired for development near Edinburgh Airport

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 […]

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Aberdeen brownfield development opportunity

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 […]

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Aberdeen High Rises Face Potential Demolition

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 […]

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Accrue Capital secures M7 Capital loan to refinance two assets

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 […]

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Acquisition of The Gyle Shopping Centre and Launch of Open Offer

Capital & Regional (LSE: CAL), the UK focused REIT with a portfolio of in-town community shopping centres, is pleased to announce that it has entered into an agreement to acquire The Gyle Shopping Centre (“The Gyle” or the “Property”) in Edinburgh for a total acquisition consideration of £40 million, excluding acquisition costs. The consideration for […]

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