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Tuesday, February 18, 2020

Property News

Aberdeen sees office demand grow despite declining oil price

2014 saw a record year of office take-up in Aberdeen, despite the backdrop of a decline in oil production. New figures from property consultant CBRE show that just over one million square feet of space –...

Drum Property Group submits plans for £35million shopping centre

A Scottish property group has submitted plans for the proposed £35million redevelopment of an Ipswich shopping centre. Drum Property Group, which has offices in Aberdeen and Edinburgh, has teamed up with Capital & Regional to detail...

Scottish property firm agrees multi-million pound refinancing deal

Andrew’s Homes has secured a £20million refinancing deal to support its growing portfolio. The Aberdeen-based company has negotiated an agreement with Handelsbanken to cover its assets in the city’s west end. The five-year deal will anchor...

Morgan Sindall PLC breaks ground at controversial £107m Marischal square

Construction and infrastructure company Morgan Sindall plc has commenced building work on the controversial mixed-use Marischal Square development which should create 300 construction jobs. Appointed by developer and urban regeneration specialist Muse Developments to construct the...

Digital move planned for property transactions

Solicitors could soon be signing off on property contracts online under new plans. The Law Society of Scotland has invited tenders for the potential development of a digital property portal which would allow solicitors to process...

American investor completes £4.6M deal with Scottish property specialist

The sale of a multi-million pound Aberdeen commercial property development has demonstrated Scotland’s appeal to the international investment community. West Coast Estates, based in Aberdeen and active nationwide, has concluded a £4.6million transaction in which a...

Launch of third round of public consultation on AECC redevelopment plan

Updated plans for the proposed new multi-million pound Aberdeen Exhibition and Conference Centre will go on show today at Aberdeen’s Bon Accord Centre. Henry Boot Developments – Aberdeen City Council’s development partner for the project –...

CALA Homes granted approval on two new developments

CALA Homes (North) has been granted planning permission for two new developments in Aberdeen, accounting for 180 additional homes in the area. In Cults, the housebuilder has received approval for ‘The Paddocks’, a development of 107...

Knight Frank report puts Aberdeen office market in the spotlight

Commercial property specialist Knight Frank believes learning from the experience of previous downward trends in the sector will be key to Aberdeen’s success in meeting the challenges of changing market conditions. The firm published its annual...

Prime Four tops out Scottish Property Awards

The best new commercial and public property developments in Scotland have been revealed after the second annual Scottish Property Awards was celebrated at packed out event in Edinburgh last night (Thursday). Prime Four Business Park in...
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