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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 […]

Posted by: Nathan Spencer

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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 […]

Posted by: Mya Driver

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21 Public Sector Bid Trends for 2021

2020 has been a year like no other; so what’s in store in the world of public sector bidding in 2021? What will be changing in our ‘new normal’? What steps can bidders take to ensure that they are prepared for the year ahead? We are going to set out what we consider will be the […]

Posted by: Nathan Spencer

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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 […]

Posted by: Nathan Spencer

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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 […]

Posted by: Mya Driver

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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 […]

Posted by: Nathan Spencer

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Aedifica acquires £8.5m in Scotland care home

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: Nathan Spencer

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