Commercial

PROMINENT GEORGE STREET PROPERTY IN MAJOR TRANSFORMATION PROJECT

Work has begun on a major refurbishment project at a well-known George Street building, which will deliver the first ‘defurbished’ office space on one of Edinburgh’s main thoroughfares. New Clarendon, located at 114-116 George Street will provide 35,000 sq. ft. of new Grade A city centre office accommodation in the Scottish capital, with the work

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HARDIES TO CONSULT ON NEW RETAIL PARK

Hardies Property & Construction Consultants has been appointed lead consultant on the construction of a new retail park on the outskirts of Banchory. The instruction follows Aberdeenshire Council granting planning permission to Banchory Estates to build three retail units and a drive-thru cafe on land behind the town’s Tesco store. It is anticipated that the development will

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MET TOWER TRANSFORMATION PLANS UNVEILED

Detailed plans for the redevelopment of the Met Tower in Glasgow have been unveiled by Bruntwood SciTech. The proposals include both its refurbishment vision for the former City of Glasgow College building, as well as specifications for a new, adjoining tower, which collectively should create a new technology and digital hub in the city centre.

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TMT TAKE UP HELPS DRIVE EDINBURGH OFFICES IN 2023

Edinburgh’s office market has seen a strong start to the year led by the Technology, media, and telecommunications (TMT) sector, despite well-publicised macro-economic challenges, according to new analysis from Knight Frank. The independent commercial property consultancy found that the first quarter of 2023 saw another 90,872 sq. ft. of office take-up, excluding regears. While slightly

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HFD ACQUIRES HAMILTON INTERNATIONAL PARK INDUSTRIAL UNIT

HFD, Scotland’s leading commercial property company, has acquired 4 Bell Drive, an industrial building at Hamilton International Park in a deal valued at £4.5 million.  Sold by Wemyss Properties, who refurbished the asset in conjunction with Rankeilour Properties, the 36,055 sq. ft. unit is occupied by Galaxy Insulation and Dry Lining – a specialist in energy efficient

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A NEW FUNDING DEAL FOR MULTI MILLION POUND APARTMENT SCHEME HAS BEEN AGREED

A US investor has agreed a new funding deal for a £302 million apartment project in Birmingham city centre. Chicago-based Harrison Street, working with its joint venture partners Apache Capital and Warwickshire finance group NFU Mutual, is backing the 722-unit ‘Great Charles Street’ project in the Jewellery Quarter. The project is being built on a

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NEW APPARTMENT BUILDING TO ADDRESS A LACK OF QUALITY RENTAL ACCOMMODATION

Birmingham’s Broad Street has seen an influx of high-rise developments in recent years – and it could soon have another joining the city’s skyline. Developer Regal Property is eyeing a PLOT AT 90-97 Broad Street to house a £150 million 47-storey residential tower with 526 apartments to rent, to be called ‘The Essington’. The site, currently

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ECONOMIC IMPACT FOR THE FIRST YEAR OF LEICESTER DEVELOPMENT REVEALED

New figures suggest Space Park Leicester has generated some £89 million for the economy in its first 12 months. The £100 million development, led by the University of Leicester with backing from the Leicester and Leicestershire Enterprise Partnership and city council builds on the university’s decades of expertise in space research, innovation and education. It

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OFFICE LEASING MARKET IN BIRMINGHAM IS ON THE RISE

Birmingham’s office leasing market grew by 19% in the final six months of 2022, according to new research. The ‘Big Six’ report, which tracks office take-up, vacancy rates and grade A rental growth across Birmingham and five other UK cities, showed 210,300 sq ft was transacted in the final quarter, helping to boost the year’s

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