Acquisition of The Gyle Shopping Centre and Launch of Open Offer Aug 10, 2023 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 […] Posted by: Mya Driver Read more
Aedifica acquires £8.5m in Scotland care home Jun 21, 2022 Aedifica has invested £8.5m to acquire a fully operational care home in Ayr, Scotland. Creggan Bahn Court in Ayr has undergone two expansions in the past 10 years, currently accommodating 58 residents across the site. The home is operated by Maria Mallaband Care Group who operate 17 sites across Aedifica’s portfolio. The carte home is […] Posted by: Mya Driver Read more
Angus Council not against £40m battery storage plant Sep 22, 2022 Angus Council is not opposed to a £40 million battery storage plant near the border with Dundee capable of holding enough power to supply 35,000 homes a year. The 80 megawatt proposal would be the largest of its kind in the county. Proposals for the site near Duntrune first emerged earlier this year. A second […] Posted by: Mya Driver Read more
Application for Central Quay development aims to continue Clyde riverside regeneration Sep 29, 2023 Regeneration specialist Summix Capital has submitted a planning application to deliver a mixed-use development on a brownfield site at Central Quay, Glasgow. This major urban renewal project continues the regeneration of the Clyde riverside and comprises a vacant 4.43-acre site adjacent to the existing high-quality office building of 80,000 sq ft at 2 Central Quay. Ideally located between […] 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
Ayr Town Centre Set for Revitalisation with Hourstons Site Redevelopment Jan 12, 2024 Ayr Town Centre is gearing up for an inspiring transformation as demolition works for the redevelopment of the former Hourstons site are scheduled to commence in May. This development is a crucial part of The Ayr Town Centre Framework, a strategic plan aimed at revitalising the town by focusing on a mix of achievable projects […] 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
Bank investment unlocks development of new country park Jul 18, 2022 A derelict site in the west of Edinburgh is to be made into a multi-purpose country park and leisure facility with £26m backing from the Scottish National Investment Bank. The Wavegarden Scotland redevelopment of the disused Craigpark Quarry near Ratho will see the creation of a 23-hectare leisure and staycation facility with surfing at its heart. The project will […] Posted by: Mya Driver Read more
Blackfinch Property completes £9.7m student development loan Jun 20, 2023 Financing will be used to develop state-of-the-art student accommodation in Aberdeen, Scotland Blackfinch Property, a rapidly growing agile lender to the residential and commercial real estate sectors, has completed a £9.7m development loan facility, with a loan duration of 18 months, which will be used to convert a former hotel into premium student accommodation. The […] 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
Buccleuch Property acquires prime George Street retail asset for £3.325 million Nov 7, 2023 Buccleuch Property has successfully acquired 49 George Street, situated in the heart of Edinburgh’s prime retail and leisure district, from Columbia Threadneedle Investments for a purchase price of £3.325 million. 49 George Street holds a prominent position on the northern side of the street and is in a 100% prime location between Frederick Street and […] Posted by: Mya Driver Read more
Building Boom Expected in Dumfries and Galloway Following New Property Strategy Sep 6, 2023 Recent developments suggest that Dumfries and Galloway could be on the brink of a significant construction boom, following the council’s decision to focus on rejuvenating vacant and derelict land. The council’s recent deliberations on the Vacant and Derelict Land and Property Strategy (VDLPS) have sparked significant interest among property developers and investors. The strategy, which […] Posted by: Mya Driver Read more
