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Property round-up

SPF conference, Dundee waterfront and BTR deal

Industry leaders, policy makers and academics make up the list of speakers at the 2018 annual Scottish Property Federation (SPF) conference, Investing in Places on 7 March.

Finance Secretary Derek Mackay (pictured) is the keynote speaker while Professor Graeme Roy of the Fraser of Allander Institute will unveil the findings of the latest report into the economic impact of the real estate sector in Scotland.

Also speaking will be David Paine, co-head of global real estate at Aberdeen Standard Investments; Peter Reekie, chief executive of the Scottish Futures Trust; and Lesley Watt, chief financial officer of Miller Developments, who will join SPF vice chairman Miller Mathieson, MD of CBRE in Scotland, to discuss sources of investment. 

Delegates will also hear from Michaela Sullivan, group land manager at CALA Group; Maria Francké, partner at Cushman & Wakefield; and Mike Galloway, director of city development at Dundee City Council, who will lead the discussion on place-making, along with SPF chairman Andrew Sutherland, Joint MD of Miller Developments.

DundeeOne sold 

The DundeeOne office building has been sold to Jute Property for an undisclosed sum following the appointment of Paul Dounis and William Duncan of RSM Restructuring Advisory as joint administrators over the Lindores Property Group in 2016.

The development boasts 50,000 sq ft of Grade A flexible office space in the heart of the £1bn regeneration of the waterfront. 

The joint administrators have also submitted a joint planning application for the adjacent development site for 120 affordable units with associated parking, green space, cycle and refuse storage and a retail unit.

This follows the sale of the Lindores Lower Dens site to Percor Capital in 2016 to develop a 130-bed hotel with potential for a complementary aparthotel in the second phase of development.

In addition, the RSM team continues to consider options for the Lindores Hawkhill Industrial site which includes a potential residential and student accommodation opportunity close to the University of Dundee. 

Build to rent goes ahead

The conversion of a former Dundee college building into build to rent and serviced apartments has been awarded planning consent.

Voxcap Investments (Dundee) has appointed Reigart Contracts to undertake enabling works to redevelop the former Dundee College on Constitution Road.

VOX Dundee will create 111 build-to-rent apartments with car parking and 24 serviced apartments. There are plans for a new café fronting Constitution Road.

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