£50m available in fund
Expresso seeking investment opportunities
Artist’s impression showing completion of ringed apartments (lower left)
Expresso Property is seeking further UK development sites after investing in three Scottish schemes and says it has funds of up to £50 million available.
The York-based company is investing in the 98-homes Park Quadrant Residences in Glasgow’s West End, Perth’s new leisure hub, The Mill Quarter, and a new mixed-use site at Glasgow’s Pacific Quay. Together they have an end investment value of £100m.
Park Quadrant will complete the vision of the architect Charles Wilson’s concentric ringed design of a 19th century masterplan of the Park Circus area. Work began on the scheme in June.
Missives have been completed on The Mill Quarter site in Perth, comprising a multi-screen cinema: a mix of bars; restaurants and speciality shops, a 205 space multi-storey car park and 58 apartments.
Expresso Property has been named as the preferred developer by Scottish Enterprise, for a £12m mixed-use development at Pacific Quay Glasgow, comprising offices and shops overlooking the river basin.
With funding now in place the company is actively looking to acquire further commercial, office, residential and retail development propositions.
A spokesman said: “These may be currently on the market or direct approaches from company principals wishing to explore their thoughts and ideas.”