Built Environment Networking Blog: Scotland News

Green light for new whisky storage facility

A planning application for a new whisky storage warehouse scheme at Throsk has been approved today (29th August) by councillors on Stirling Council. The planning approval is subject to conditions and a legal agreement being signed (CGI images courtesy of Michael Laird Architects attached). The development at Bandeath Industrial Estate, on behalf of Ian Macleod […]

Posted by: Mya Driver

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Green Light for Re-opening of Govan Drydock

Govan Drydock Limited, located in the heart of Glasgow has been given the green light to re-open. Glasgow City Council has granted a Change of Use Planning Consent, which will allow the full re-opening of Drydock Number 1, which was previously designated derelict. Govan Drydock is now operational as a ship repair and maintenance facility. […]

Posted by: Mya Driver

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Gresham House invests £164m in Borderlink Broadband

Gresham House’s British Sustainable Infrastructure Fund (BSIF) has invested £164m (€191m) in fibre broadband provider Borderlink Broadband. Gresham House said the investment is being made via its BSIF I and BSIF II funds. Borderlink, trading as rural broadband provider GoFibre, serves residential and business customers across Scotland, Cumbria and Northumberland. BSIF’s £164m funding, together with […]

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Heimstaden Bostad funds and acquires Edinburgh resi project

Heimstaden Bostad AB has agreed to fund and acquire PLATFORM_’s 464-home residential project in Edinburgh for SEK 1.5 billion (£124.4 million). A build contract was placed simultaneously and practical completion is scheduled for mid-2024. The development is in the Bonnington regeneration area, 2 km (1.2 miles) north of Edinburgh’s city centre, to which it will […]

Posted by: Mya Driver

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Henderson Park acquires Edinburgh’s iconic Caledonian hotel

Henderson Park, the private real estate investment fund manager, together with its in house hospitality operator and asset manager, Klarent Hospitality, has acquired the landmark Waldorf Astoria Edinburgh – The Caledonian. Completed in 1903, the five star 241-room hotel is a category A listed building* with an iconic red sandstone façade, which has been part […]

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Henderson Park snaps up Glasgow shopping centre from Hammerson in £140m deal

Henderson Park, the European private equity real estate firm headquartered in London, announces that it has exchanged contracts for the acquisition of Silverburn, a 100,000 sqm flagship shopping centre in Glasgow, U.K., in an off-market transaction from a joint venture between Hammerson and Canada Pension Plan Investment Board for £140 million. This acquisition has been undertaken […]

Posted by: Mya Driver

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Hot Tip: Redevelopment in Glenrothes?

Fife Council’s Rothesay House in Glenrothes is progressing towards demolition, with a recent submission of a “prior notification of demolition” via the planning portal, marking a significant step in the redevelopment of the town centre. Although specific dates for the demolition are not yet scheduled, the planning application indicates a clear path towards the dismantling […]

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HUB and Bridges Fund Management lodge plans for Edinburgh BtR and creative working scheme

The project will provide 205 Build to Rent homes, including 52 affordable homes, as well as creative workspace co-designed with locals and a new publicly accessible courtyard. The proposals for Beaverhall Road will replace an existing warehouse building, with a contemporary scheme that maintains the site’s status as a hub for the local creative community, […]

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Kennedy Wilson acquires landmark Edinburgh office building from PATRIZIA in £80m deal

Global real estate investment company Kennedy Wilson (NYSE: KW) has acquired Waverleygate, a wholly-owned prime office building in Edinburgh, from the real assets investment manager PATRIZIA for $106 million, excluding closing costs. Waverleygate is one of the most prominent office buildings in the heart of Scotland’s capital city and is 97% occupied by national credit-worthy […]

Posted by: Mya Driver

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Lamington Group plans three new net zero room2 hometels in the UK

Family-owned real estate investment and development company, lamington group, has announced it will open net zero room2 hometels in York, Glasgow, and Manchester. The move comes as part of the company’s sustainable property development plan and represents an investment of £114 million. The room2 brand currently has 3 operational establishments in the UK, of which […]

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Landsec plan new £825m urban neighbourhood in Glasgow

Glasgow’s Buchanan Galleries is set to be demolished, making way for a new exciting £825m mixed-use urban neighbourhood. Proposals by Landsec include a transformational development including homes, retail, restaurants and office space. The development company said its vision, developed after conversations with Glasgow City Council, is a response to the disruption facing retail, which has […]

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