Building Briefs - December 10th

• Public exhibition on Aberdeen junction improvements project available online

The project was approved by the council’s city growth and resources committee last year and authority was given in May at urgent business committee for the go-ahead for a compulsory purchase order to acquire the necessary land.

The project includes a package of junction improvements and road widening measures which will increase capacity and improve traffic flow on this section of the road network. There will be shared and segregated facilities for pedestrians and cyclists alongside the carriageway.

People can view the exhibition at South College Street Junction Improvements - Aberdeen City Council - Citizen Space until January 19.

• Ryden advises on sale of warehouse investment in Bellshill Industrial Estate

Acting on behalf of a private client, Ryden has sold the Heritable Interest in Building 2, 100 Inchinnan Road, Bellshill Industrial Estate, Bellshill.  
 

The property comprises a refurbished 38,025 sq ft stand alone warehouse with ancillary offices and large secure large. The building is let to Tradebe Healthcare National Limited on FRI terms expiring on 17th October 2030 with a passing rent of £250,000 per annum. The tenant has an option to extend the lease by 10 years at expiry.
 
The building facilitates a new 10 to 12-year contract awarded to Tradebe from NHS Scotland to process and dispose of clinical waste for 18 NHS Health Boards across Scotland.  
 
The property was purchased for a price of £3.775m, reflecting a net initial yield of 6.22%. FT Linden acted for the purchaser, an overseas private client.

• Business leaders pay tribute to Mactaggart & Mickel

Family-owned housebuilder Mactaggart & Mickel have been praised by business leaders in the South West of England after winning a prestigious accolade.

The Glasgow-based company have won recognition from the business community in the highly-regarded Cheltenham BID Business Awards following successful expansion beyond traditional Scottish heartlands.

Mactaggart & Mickel have been highly commended in the Newcomer of the Year category which acknowledges the company’s impact in Cheltenham since opening an office in the heart of the famous West Country spa town in April 2018.

As well as support for local causes through the company’s Building Communities Fund, central to the company’s ethos is pride in delivering high-quality homes in exceptional locations.

• Ofgem makes £1m carbon emissions reduction fund available for charities

A new fund to support charity initiatives that reduce the climate change impact associated with energy use has been launched today by the Ofgem Energy Industry Voluntary Redress Scheme.

Managed and delivered by Energy Saving Trust, the Energy Redress Scheme collects voluntary payments from energy companies that may have breached rules to compensate the effects on energy consumers that may have been affected. In line with Ofgem’s strategic approach, the Carbon Emissions Reduction Fund looks to meet the challenge of achieving net zero greenhouse gas emissions by 2050.

Charles Hargreaves, deputy director of enforcement at Ofgem, said: “We want to support consumers to use greener, affordable forms of energy in order to hit the UK’s net zero emissions target. That’s why Ofgem is making a share of supplier redress payments available to a new fund to support low carbon technologies which will be managed by the Energy Saving Trust as part of our voluntary redress scheme and will help consumers reduce their carbon footprint.”

The first round of the Carbon Emissions Reduction Fund contains £1 million and is open to charities in England, Scotland and Wales. The Carbon Emissions Reduction Fund aims to benefit all domestic energy consumers, not only those in vulnerable situations. The fund awards grants between £50,000 and £500,000 to projects that meet the following criteria: demonstrate measurable and lasting reductions in the carbon intensity of energy end use and accelerate the transition to net zero carbon; show a realistic prospect of delivering broadly replicable benefits to existing and/or future energy consumers and proved to be efficiently managed throughout the project.

The closing date for applications is 5:00pm on Thursday 11 February 2021. 

Charities that are registered with the Energy Redress Scheme and have passed the due diligence process are eligible for application. Those interested in applying are encouraged to register by Thursday 14 January 2021. Further information on the fund and guidance for applicants can be found online.

• Home Fix Scotland makes donations to Barnardo’s and i58

Home Fix Scotland is helping to spread some of the Christmas cheer this winter after the organisation donated £500 to Barnardo’s and £400 worth of toys to i58.

With 2020 being a tough year for many people up and down the country, the organisation wanted to ensure that those struggling have something to look forward to on Christmas morning.