Time and date

CONSTRUCTION DIRECTORY

Subscribe to our Construction newsfeed

Share this page

Construction News

02/06/2009

ING Sells 220 St Vincent Street To Protego

Property consultant, CB Richard Ellis (Scotland) has announced the sale of 220 St Vincent Street, only the second deal to complete in Glasgow city centre this year.

CBRE (Scotland), acting on behalf of ING Real Estate Investment Management, has sold 220 St Vincent Street to Protego Real Estate Investors for £6m, reflecting a net initial yield of 7.75%.

-- Advertisement --

This multi-let Grade A office building was recently refurbished and is currently let to tenants CIGNA Insurance, Towry Law and Hiscox.

Steven Hendry, associate director in the Capital Markets team of joint selling agents CB Richard Ellis said: "Whilst activity in the investment market remains relatively subdued, our client was able to take advantage of a lack of competing stock and generate strong interest in this asset from a number of investors."

CBRE and Rydens acted for ING Real Estate and King Sturge represented Protego Real Estate Investors.

(GK/JM)

News Archive

Latest Construction News

26/11/2024

Scottish Water Launches £9bn Procurement Initiative

Scottish Water has unveiled its largest-ever procurement initiative, aiming to modernise the nation's water and wastewater infrastructure while safeguarding the environment. The program, named Delivery Vehicle 4, is valued between £5 billion and £9 billion and is set to run from 2027 to 2033, with ...

26/11/2024

Plans Approved For Calton Square Office Refurb

The City of Edinburgh Council has granted planning permission, subject to conditions, for the refurbishment of Calton Square, an office building currently occupied by Baillie Gifford until the end of December 2025. Promoted by Ardstone Capital on behalf of Manova Partners, the project aims to ...

26/11/2024

Scottish First Minister Visits Perth High School Construction Site

First Minister John Swinney, MSP for Perthshire North, praised the progress being made on the construction of the new Perth High School during a visit on Friday, 22 November. He was joined by Jim Fairlie, MSP for Perthshire South and Kinross-shire, alongside senior Perth and Kinross Councillors, ...

26/11/2024

New £100,000 Playpark Opens In Bearsden

A state-of-the-art playpark has officially opened at King George V Park in Bearsden, following the completion of a £100,000 refurbishment. Funded by a combination of East Dunbartonshire Council (EDC) Capital Funding and the Scottish Government’s Renewing Scotland’s Play Parks initiative, the ...

26/11/2024

Fife Council Seeks Community Input For Next Local Development Plan

Fife Council has launched a public consultation, inviting residents, businesses, and organizations to contribute ideas and propose sites for inclusion in the next Local Development Plan, known as Fife's Place Plan. The council is calling on community councils, landowners, and developers to share ...

26/11/2024

Chief Executive Of East Lothian Council To Retire

The Chief Executive of East Lothian Council has announced she is to retire in February 2025. Monica Patterson who has been Chief Executive for almost five years, has spent most of her professional career working in local government. Prior to joining East Lothian Council in 2010, she was Head of ...

25/11/2024

New Modular Development Proposed In Glasgow

West of Scotland Housing Association (WSHA) and Connect Modular have jointly submitted a planning application to Glasgow City Council for the development of 33 affordable homes in Cowlairs. This project aligns with the wider Cowlairs Park regeneration scheme and the city's ambitious housing ...

25/11/2024

Arc-Tech Delivers M&E Services For Scotland's Premier Surf Resort

Arc-Tech (Scotland) has successfully completed a £6m Mechanical and Electrical (M&E) services package for the Lost Shore Surf Resort in Edinburgh. The state-of-the-art resort, which opened its doors earlier this month, features a range of amenities, including a wave pool, luxury lodges, and ...

25/11/2024

Scottish Water Pioneers Hydro Energy Scheme

Scottish Water has successfully completed the construction of a groundbreaking hydro energy generation scheme at Whiteadder Reservoir in East Lothian. This innovative project, believed to be the first of its kind in Europe, will harness the power of water to offset a significant portion of the ...

25/11/2024

Perthshire Gypsy/Traveller Site To Undergo £6.5m Transformation

Work is set to commence on a £6.5 million project to upgrade the Double Dykes Gypsy/Traveller site near Perth. The initiative aims to replace outdated chalets with modern, energy-efficient accommodation and implement significant site improvements. Perth & Kinross Council secured £3.9 million from ...