Building Briefs - September 3rd

• Lismore advises JV on £6.5m purchase of Dundee industrial estate

The sale price reflected a net initial yield of 6.50%.

G3, Arrol Road, Dundee is a prominent multi-let industrial estate, located close to the A90 Kingsway.

Recently refurbished to a high spec level, it offers prime industrial and logistics space, totalling approximately 80,000 sqft.

Let to Scania, Ford and Grimme UK until 2028, 2029 and 2031 respectively with rents ranging from £5.00 sqft to £7.00 sqft. One unit remains vacant. Future rental growth is anticipated due to the strong local market dynamics.

Lismore Real Estate Advisors represented the purchaser, whilst the vendor was advised by CBRE.

• Leading designer reveals secrets behind largest CALA showhome

One of Scotland’s top interior designers has given access to her trade-secret tips, favoured suppliers and inspirations at one of Edinburgh’s most stylish showhomes.

In a walkthrough video, inspired by the famed Architecture Digest Open Door series, Eileen Kesson, founder of Envision, gives viewers a full tour of the latest showhome by CALA Homes (East).

The video tour takes viewers around the expansive five-bedroom Waverley, part of the Avenue at Ravelrig Heights in Balerno.  

With more than 3700 square feet of living space, The Waverley is the largest ever showhome launched by CALA in the region.

Eileen explains how she’s used symmetry to create added interest in a classically shaped square lounge, as well as advice on colour choices and where to source furniture and accessories.

Welcoming viewers into the main hall, Eileen describes her stylistic choices when designing the grand staircase with an Italian wall covering featuring an ebony and ivory silk design to compliment the double height hall with a contemporary touch.  

Eileen progresses through the home, explaining the current trend of mixing and matching kitchen cabinet finishes, to create a less clinical and more furnished feel.

She also describes how the space can be used to fit a variety of needs, showcasing the double detached garage with accommodation above.

To watch the videos please visit here.

• Glasgow council leader visits Moda at Holland Park

The leader of Glasgow City Council, Susan Aitken, has visited the site of Holland Park, Moda Living’s state of the art build to rent neighbourhood in the city’s cultural district which is currently being built.

Holland Park will deliver 433 new high-quality homes for a community of around 900 people to the city. Set across four buildings ranging from six to 22 storeys in height, the neighbourhood surrounds a new courtyard which will be open to the public during the day.

In addition to the studios and one, two- and three-bedroom homes, Holland Park will feature a market-leading selection of resident amenity spaces. These will include a 24h gym, a rooftop terrace, a residents’ lounge, private dining and dedicated co-working space. The £130 million neighbourhood will also feature 15,000 sq ft of lettable commercial space. With secure long-term tenancies of up to five years on offer, Moda is aiming to cater to a broad demographic of residents let down by the current rental market and looking for a better living experience.

Councillor Aitken toured the site of Holland Park and spoke with Moda Living about the new homes plus the employment and economic opportunities Moda will bring to the area.

Committed to regeneration and supporting its local communities, Moda Living prioritises working with local businesses and employing people from the surrounding areas. The site is currently under construction via Robertson Group, and of the 100 construction team members currently on site, over 75% have been recruited locally.

Moda Living will also play a role in the wider transformation of Glasgow through its work with Glasgow City Council’s £136m Avenues programme.

With Holland Park intertwined with areas targeted by the project, Moda is investing in the project alongside the city council to deliver significantly improved streets, public realm and green infrastructure around the Holland Park site, to be enjoyed by the city’s residents and visitors. Last year the council pledged to increase the city centre’s population from just over 20,000 to 40,000 by 2035; the initiative formed part of its City Centre Living Strategy.