DavidPeck, managing director for Buccleuch Property, believes that the market is gathering momentum across a range of sectors.
“We’ve just sold the Evolution site on Glasgow’s Oswald Street to German hotelier Motel One for the construction of a new £18m hotel which follows the commencement of 2 new speculative units totalling 25,000 sq ft on the Aberdeen Energy Park and recent completion of the £32m redevelopment of York’s former railway station to provide a new 115,000 HQ for the City Council and a 100 bed Hampton by Hilton Hotel.”
Through Queensberry, a joint venture with Cruden Homes, Buccleuch has also been active with two new residential developments in Edinburgh; following the recent purchase of Edinburgh Academy’s former boarding houses on a 1.25 acre plot in Trinity, Queensberry will transform the three large B listed Arts and Crafts villas on the site into luxury apartments with an estimated end-value of £9m.
Queensberry has also just entered into a partnership with London based Telereal Trillium to build 81 new homes and apartments on a 4.9 acre site in the up-market Grange area of Edinburgh with an end value in excess of £50m.
As well as Queensberry, Buccleuch Property has other strategic joint ventures with Native Land, Longrose Buccleuch and Audley Retirement which cover the UK residential, leisure and retirement sectors.
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement