Latest Scottish Property NewsAll the latest property news from Edinburgh, Glasgow, Aberdeen, Dundee and the rest of Scotland.
International Hotel Properties has acquired the Holiday Inn Express Edinburgh City Centre for £17.7m from FRP Advisory, who act as administrators to owners the European Development Company.
Edinburgh’s commercial property market faces a challenging 2017 as supply levels near a ten-year low and demand continues to grow, according to Knight Frank analysis.
A private Indian investor who already owns more than £200m worth of offices in Edinburgh is closing in on the acquisition of two buildings in Exchange Place in a deal thought to be worth more than £35m.
TH Real Estate has bought the OMNi centre, a mixed-use asset in Edinburgh, from Aviva Investors.
Oaktree-backed Fairfield Real Estate Finance has completed two debt refinance packages on Scottish properties worth a combined £31m.
Orion European Real Estate Fund IV has completed the acquisition of Kingsgate Shopping Park near Glasgow for a price thought to be over £90m.
Sovereign Centros has won planning permission for a 90,000 sq ft leisure redevelopment at the St Enoch shopping centre in Glasgow.
English companies could choose to move to Scotland to take advantage of likely cuts to business rates, according to Colliers International.
The residential market in Edinburgh has reached a pivotal moment. After five years without a coherent housing strategy, the city’s council has finally put forward its long-term housing vision.
The figures for 2016 paint a picture of a buoyant year for the Glasgow office market, but there could be trouble on the horizon.
Business rates are a hot topic all over the UK - but in Scotland the matter is even more pressing.
Cash-strapped public bodies in Scotland are increasingly turning to property in a bid to balance the books.