The commercial real estate market in Scotland started 2023 on a sluggish note, with only £250 million worth of transactions, a sharp drop from the five-year quarterly average of £550m, according to a recent report by Colliers.
In 2022, Scotland's hotel market showed considerable strength, with Edinburgh retaining the top position in Colliers' 2023 UK Hotel Market Index, joined by Inverness and Glasgow in the top ten.
Commercial property company HFD has acquired 4 Bell Drive — an industrial building at Hamilton International Park — in a deal valued at £4.5 million.
Changes to permitted development rights (PDRs) in Scotland coming into effect today could revitalise Scottish town centres, says commercial real estate firm Colliers. The changes which will allow shops (subject to restrictions) to be converted to office accommodation, restaurants or cafes without th
Investment into Scottish commercial property has reached £2.088 billion in 2022, according to the latest Scotland Snapshot from Colliers.
Commercial real estate firm Colliers is extending its UK planning team with the recruitment of Lucy Moroney as senior planner. Colliers’ planning team works on a significant number of strategic sites across the UK, including three new garden communities. Lucy will be working with corporate cli
Edinburgh and Glasgow have ranked second and third in commercial real estate firm Colliers' latest Top UK Residential Investment Cities report.
Investment into Scottish commercial real estate saw a significant slowdown in the third quarter of 2022, with just £200 million transacted according to Colliers, in its latest Scotland Snapshot.
Investors looking for residential investment opportunities should turn their sights to the UK’s regional cities, especially Glasgow and Edinburgh, according to the latest research by Colliers. The commercial real estate firm analysed 20 cities across the UK and found that when focusing on driv
Major construction work at Scotland’s newest leisure and staycation destination, Wavegarden Scotland, got underway today in Ratho, near Edinburgh. The £55 million landmark development will be the country’s first inland surfing destination using revolutionary new technology.
Quarterly investment volumes into Scottish commercial real estate reached £460 million in Q1 2022, up from £380m a year ago, according to Colliers’ latest Scottish Snapshot. According to Colliers, at £140m, retail investment accounted for 30% of all activity by value.
Colliers has recognised three employees in Scotland through its annual promotions process. In Edinburgh, Guy Dalziel (valuations & advisory services) and Holly Gillingham (planning) have been promoted to associate director, whilst in Glasgow Ryan Duffy (rating) has been promoted to senior survey
The latest Industrial and Logistics Viewpoint report from commercial real estate firm Colliers has predicted that industrial occupiers in Scotland will focus on building more resilience into their supply chains post-pandemic this year, adopting more localised strategies and increasing efficiency. Th
Colliers expects UK all-property total returns growth to moderate to 9.6% in 2022 and 6.4% in 2023 as rental growth slows and yields stabilise, following a six-year high of 16.5% in 2021. The industrial sector will continue to remain popular with investors this year as will retail warehouses, prime
Investment into Scottish commercial property reached £2.2 billion in 2021 according to the latest Scotland Snapshot from Colliers. This figure represents an improvement of almost 50% on the £1.4bn recorded in 2020 and is above the 10-year average of £2bn.