Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.



Monday, October 22, 2023

Bank of Scotland commits £130m to Elphinstone

Bank of Scotland Corporate is to commit £130 million to a new joint venture with Elphinstone the Scottish land and property development company.

This is the bank's second partnership investment in a special purpose business with Elphinstone, bringing its total commitment to the expanding Glasgow group to over £175 million.

The new investment in Elphinstone Estates, a 50-50 joint venture with Elphinstone Holdings has been used to acquire1000 acres for housing at Stirling, Baillieston, Newton Mearns and Penicuik as well as options for development at Broxburn and the Borders.

The investment provides a war chest for further land and property acquisitions and for other business development opportunities.

Bank of Scotland Corporate and Elphinstone have an existing facility of £45 million in Elphinstone Land which in 2005 acquired United Auctions plc and with it a substantial land bank. The livestock auction part of the business was subsequently re-sold to its management team in 2007.

Ken Ross, Chairman and Chief Executive of Elphinstone Holdings, said, "This new facility is an immense vote of confidence by Bank of Scotland Corporate in our Board and management team. We've had a long-standing and successful relationship with the bank and this investment adds an important dimension to our business, strengthening our competitive position and accelerating our capacity and growth. It means we can respond quickly to land and property opportunities and consider other ways of increasing the scale and the success of our group."

Bruce Anderson, Head of Joint Venture Investments for Bank of Scotland Corporate said, "We have an excellent working relationship with Elphinstone and investment such as this, in an innovative, ambitious business with experienced, proven management, fits our agenda perfectly."

Elphinstone Holdings is a private company, owned by the company's directors and staff and the parent for several joint-venture and wholly-owned subsidiaries responsible for specific developments or initiatives. Elphinstone which owns or controls over 1500 acres of developable land across Scotland, trades and invests in commercial and industrial property and mixed-use development as well as managing land and property assets.

Its core business is adding value to prime land and property by obtaining planning consents and creating practical



https://babyballcap.byfarr.com/

https://www.sypristechnologies.com/about/

slot gacor

slot gacor maxwin

situs slot

tanpa perlu deposit besar, mahjong wins 3 jadi andalan pemain pulsa untuk maxwin tiap hari main slot cuma modal pulsa? mahjong wins 3 buktikan bisa bikin jutaan rupiah mengalir deras mahjong wins 3 makin dicari! pemain slot pulsa nikmati kemenangan gacor tanpa potongan nibung88 dominasi tren scatter di palembang! mahjong wins 3 kembali jadi primadona mahjong wins 3 panen peminat baru di yogyakarta, nibung88 jadi penggeraknya! nibung88 sukses guncang dunia game di surabaya lewat kejutan mahjong wins 3 nibung88 umumkan ekspansi digital di bali, mahjong wins 3 pimpin gelombang baru gaya bermain baru di semarang! mahjong wins 3 mendapat sorotan bersama nibung88 mahjong wins 3 diperbincangkan di bandung! nibung88 jadi pemain utama di baliknya nibung88 hidupkan tren game berbasis strategi di makassar, mahjong wins 3 unggul mahjong wins 3 jadi favorit di kalangan milenial medan, nibung88 dukung penuh nibung88 bawa mahjong wins 3 ke level baru di pekanbaru, komunitas antusias! pertumbuhan dunia game di banjarmasin kian pesat, mahjong wins 3 ikut melejit lewat nibung88