The move to sell Ocean Terminal in Leith in Edinburgh comes after the demolition of a department store and plans for the creation of hundreds of new homes, with JLL the selling agent.
Specialist real estate publication Green Street News reported that the development opportunity is to be marketed for sale at £20m.
When approved last year, the wider plans were described as a £250m investment in Leith’s waterfront, securing or creating 600 jobs.
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Scottish partner of law firm elected as global chair
Susan Kelly joined Maclay Murray & Spens in 1991. (Image: Dentons) A Scottish partner of Dentons has been elected as non-executive chair of the law firm’s global board.
Susan Kelly, a banking partner in the firm’s Edinburgh and London offices, has been elected to the non-executive chair role by the global board and global advisory committee of Dentons, which describes itself as “the world’s largest global law firm”.
Ms Kelly joined Scottish law firm Maclay Murray & Spens in 1991 and became a partner in 1998. Maclay Murray & Spens became part of Dentons through a merger in 2017.
Ms Kelly will take over the non-executive chair role from Nick Park, Korea regional leader at the law firm and senior managing attorney at Dentons Lee.
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Scottish firm has acquisitions in sight after clinching $100m deal
Chief executive Keith Neilson said the strategic position of company is ‘at the heart of the US healthcare market. (Image: Craneware) An Edinburgh-based company which designs and supplies revenue management software to the US healthcare sector has raised the prospect of returning to the acquisitions trail, after securing a major refinancing deal.
The business informed the stock market this morning that it has renewed its revolving credit facility with a consortium of banks.
Craneware said it has renewed its $100 million revolving credit facility (RCF) on improved terms, with the option of extending it for two further one-year terms.
The new unsecured RCF consolidates the previous term loan and RCF, and has been agreed at lower interest rates than the previous facilities; it also provides a further $100m “accordion facility” that could “support potential M&A (mergers and acquisitions) activities”. The facilities have provided by a consortium of HSBC, Barclays, NatWest, and Santander.
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AROUND THE GREENS ⛳
Walker Cup: ‘The purest celebration of our ancient game’
Dean Robertson says the Walker Cup captaincy is ‘the most fun I have ever had in my golfing career’. (Image: University of Stirling) This article appears as part of Kristy Dorsey’s Around the Greens series
Head of the high-performance golf programme at the University of Stirling since 2010, Dean Robertson is looking to lead Great Britain and Ireland’s (GB&I’s) top amateur players into what would be a massive upset at this weekend’s Walker Cup competition at Cypress Point Club in Pebble Beach, California.
The contest follows an 18.5-8.5 victory for the GB&I team over Europe’s top amateurs in July at the 35th staging of the St Andrews Trophy in Madrid. However, the US leads GB&I 39-9-1 overall in the Walker Cup series, and this year’s US team is arguably one of the strongest ever with seven of the top 10 players in the World Amateur Golf Rankings.
Mr Robertson was a member of the 1993 Walker Cup team, winning his singles match in an ultimate defeat for GB&I at Interlachen Country Club in Minnesota. Here he explains why he believes this year’s team can take what would be just their third win ever on US soil.
