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
Springfield Properties unveils plans for 1,000 home sustainable community Jan 17, 2022 If approved, the Lingerwood development will see up to 1000 new homes delivered within a cleverly integrated and well connected community. Following extensive consultation with Midlothian Council, local stakeholders and the public, Springfield has refined its proposals to demonstrate how Lingerwood will complement the unique identities of neighbouring Newtongrange and Mayfield. The proposals showcase how […] Posted by: Mya Driver Read more
SSE submits plans for new power station in Scotland Apr 8, 2022 Developers SSE Thermal and Equinor want to deliver the proposed 910MW Peterhead Carbon Capture Power Station on the Aberdeenshire coast. In January, SSE Thermal and Equinor entered the Peterhead project into a UK Government competition which aims to support industrial clusters to decarbonise. Earlier this month, it was announced that the project will progress to full evaluation […] Posted by: Leon Newton Read more
Summix announce purchase of Central Quay site in Glasgow from XLB Nov 10, 2022 Property developer Summix Capital has announced the purchase of one of the most exciting development sites in Glasgow from XLB. The prime brownfield site includes a current office building at 2 Central Quay, as well as a neighbouring 4.43-acre development site. Ideally located between the city centre and the west end, the development site is […] Posted by: Mya Driver Read more
Supermarket Income REIT acquires four assets for £76.4m Aug 23, 2022 Supermarket Income REIT plc (LSE:SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK announces the acquisition of four supermarkets for a total purchase price of £76.4 million (excluding acquisition costs), reflecting a combined net initial yield of 5.1%. Acquired from different vendors, the purchases consist of two […] Posted by: Mya Driver Read more
Tristan Capital Partners Acquires St. Andrew Square Property to Boost Queensway Hotel Pipeline Nov 1, 2023 Investment firm Tristan Capital Partners, through its European Property Investors Special Opportunities 6 (EPISO 6) fund, alongside Queensway, has secured the purchase of a 63,195 square feet office property situated on St. Andrew Square in Edinburgh, Scotland, from PATRIZIA Hanover PUT (Patrizia). This acquisition marks a significant step in expanding the fund’s Point A Hotel […] Posted by: Mya Driver Read more
Two ‘Green Freeports’ set to be created in Scotland Feb 14, 2022 The Scottish and UK governments have agreed to establish two green freeports in Scotland. The special economic zones, offering tax breaks and lower business tariffs, are being promoted by the UK government as part of its “levelling-up” agenda. The deal comes as Prime Minister Boris Johnson visits Scotland on Monday. A bidding process will begin […] Posted by: Mya Driver Read more
Two Dunfermline High Schools to be demolished…£123m campus proposed Dec 6, 2023 Fife Council has put forward plans for the demolition of Woodmill High School and St Columba’s RC High School in Dunfermline, with the process scheduled to start towards the end of 2024. This initiative is part of a broader plan to build a new £123.6 million campus, set to open in August 2024. The new […] Posted by: Mya Driver 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
Unbranded Finance funding unlocks Glasgow aparthotel scheme Jan 21, 2022 Unbranded Finance has kicked off 2022 by completing a £2.5 million bridging loan on behalf of Courie Investments Limited, secured against a prime Glasgow City Centre office building with planning permission for a 113-room aparthotel at 249 West George Street, on the corner of Blythswood Square. The 24-month loan will be used as a holding […] 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
Unite Students Announces £95m Glasgow Development Amid Student Housing Shortage Sep 13, 2023 Unite Students, the UK’s premier student accommodation developer, has unveiled plans for a significant expansion in Glasgow. The company disclosed an option agreement to purchase a central Glasgow site for an 800-bed development, contingent on planning approval. This move is a strategic response to Glasgow’s pressing student housing deficit. The city, a hub for three […] Posted by: Mya Driver Read more
