Realty Seals £200.8m Agreement for 11 UK Retail Parks Sep 19, 2023 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 Read more
£1.7 million funding boost for Orkney-based net zero regional aviation project Mar 10, 2023 A project set to deliver the blueprint for net zero regional aviation in the UK has secured £1.7 million funding and added three new partners as it enters the next phase of development. The Orkney-based Sustainable Aviation Test Environment (SATE) project secured the investment from the Future Flight Challenge at UK Research and Innovation as […] Posted by: Mya Driver Read more
£120 million proposal for 500 homes to go before Falkirk council Oct 28, 2022 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 Read more
£25m Tay Cities Deal grant unlocks major building programme at the University of Dundee Feb 23, 2021 The University of Dundee is set to embark on a major building programme thanks to a £25m investment from the Scottish government. Work on overhauling facilities linked to the biomedical department is due to start in January 2022 and be completed by the summer of 2023. The planning application is due to be reviewed at […] Posted by: Mark Flanagan Read more
£7.5 million sale of hotel in Glasgow at 7.9% premium to book value Aug 9, 2023 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 Read more
21 Public Sector Bid Trends for 2021 Apr 4, 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 Read more
54-week decision times for major housing applications ‘unacceptable’ say builders Jul 22, 2021 Latest annual planning performance statistics for 2020/21 showing a 17 week increase in the average decision time for major housing development to 54 weeks are unacceptable, according to home building body Homes for Scotland (HFS). The figure represents a +40 per cent rise on the previous year and is more than three times the statutory […] Posted by: Nathan Spencer Read more
61.5 acre site acquired for development near Edinburgh Airport Oct 7, 2022 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 Read more
Aberdeen brownfield development opportunity Jul 28, 2023 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 Read more
Aberdeen Council launches plans to build council homes across two sites Jun 16, 2022 Aberdeen City Council has launched a consultation on plans for the build of council houses at two proposed sites in the city. The Greenferns and Greenferns Landward developments are both on land already owned by the local authority, with it saying that council homes would be built as phase one of the development of the […] Posted by: Nathan Spencer Read more
Accrue Capital secures M7 Capital loan to refinance two assets Mar 8, 2022 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 Read more
Aedifica acquires £8.5m in Scotland care home Jul 1, 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: Nathan Spencer Read more
