Scotland
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Edinburgh’s Exchange Plaza secures first tenants
Edinburghs Exchange Plaza office development, completed last week, has just bagged its first tenant. Clydesdale Bank has signed up for around 2,322 sq m (25,000 sq ft) at the CALA-Morrison…
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Nestle to close Peterhead and Stourbridge factories
Nestle’s Peterhead factory, north of Aberdeen, is to close towards the end of next year. The plant, which makes Branston Pickle and Waistline, will be transferred to Nestle’s premises at…
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Tilbury Douglas reports loss of £813,000 on property sales
Tilbury Douglas has continued to sell properties from its £28m portfolio of speculative developments. It reported a loss of £813,000 on disposals worth about £8m.
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Government predicts 26 new projects to aid “greening” of Scottish Power
Two major suppliers of Scotland’s electricity were told by the Government today to produce more power from renewable sources. A series of new wind, hydro-electric and waste conversion schemes would…
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Sainsbury Homebase tipped to anchor Inverness Retail and Business Park
Local Aberdeen developers Narden Services Ltd and Jaymarke Developments are close to signing up Sainsbury Homebase for the 3,808 sq m (41,000 sq ft) anchor unit at Inverness Retail &…
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Government to transfer £2.5bn of social care provision to private sector
The government yesterday announced plans to privatise local authorities’ residential and domiciliary care for adults. This would eventually shift £2.5bn a year of council run services to private and voluntary…
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VSEL beats Kvaerner Govan on the Clyde to MoD contract
Kvaerner Govan on the Clyde faces heavy redundancies and possible closure within a year. It was beaten to a £200m order for two Royal Navy oil tankers by Cumbrian-based VSEL.
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Lords back Scottish contracts bill
Peers have backed legislation allowing housebuyers in Scotland to sue the vendor for damages for breach of contract without first having to cancel the contract.
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ELP Properties sells John Sinclair House in Edinburgh for £5m
ELP Properties has sold John Sinclair House in Edinburgh for £5m, reflecting a yield of under 8.5%. The 3,000 sq m (32,292 sq ft) office building is let to the…
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Funds buy Prince’s Square, Glasgow, from Guardian Properties for over £35m
Clerical Medical and Hermes have agreed to buy Prince’s Square, in the centre of Glasgow, for more than £35m from Guardian Properties.
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Waterstone’s to open US-style book superstore in Glasgow
Waterstone’s plans to open a US-style book superstore in Glasgow next autumn. It will be the largest new book store in Britain for more than 50 years.
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Clerical Medical and Hermes buy Glasgow’s Princes Square for over £35m
Clerical Medical and Hermes have bought Glasgow’s Princes Square shopping centre for over £35m. The 7,630 sq m (82,000 sq ft) speciality fashion centre was introduced to the funds by…