| scotland
EAST RENFREWSHIRE - OPEN FOR BUSINESS
achieved a £44m investment through the Glasgow Region City Deal. Situated 20 minutes south of Glasgow city centre and connected to the M77, it features both urban and rural locations. Renowned as a desirable place to live due to its booming housing market and access to Scotland's top performing schools, East Renfrewshire also offers an excellent environment to do business. Multi-million pound investment into
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transport infrastructure will improve links between communities by road and rail, and open up a variety of new business locations. Business incubation and workshop space with easy access to the M77 will be available in Newton Mearns by 2017, servicing the growing demand for start-up and micro businesses. Barrhead, ‘Scotland’s Most Improved
Small/Medium Town’ in the 2015 SURF awards, has undergone a major £100 million council-led transformation in recent years. Modern, flexible commercial units are available at Crossmill Business Park and can be adapted to suit a variety of small
Kirkhill House Office Park Broom Road East, Newton Mearns, G77 5LL
vibrant area with ambitious plans for growth, East Renfrewshire has
East Renfrewshire-Crossmill Business Park
businesses requiring a workshop, storage and office space. A 17-acre former factory site has been fully remediated and is now prime for private development, suitable for a variety of retail, business and leisure opportunities. This project has also been supported by the Scottish Government’s Regeneration Capital Grant Fund. Exciting new plans are in place to
transform Dams to Darnley Country Park into a must-visit leisure destination for the 1.8 million day visitors within an hour’s drive of the park by 2017. Opportunities exist within the country park for retail, leisure and hospitality developments. For further information:
business@eastrenfrewshire.gov.uk, 0141 577 3773,
www.investeastrenfrewshire.com
LBTT SURCHARGE
Government’s decision to exempt transactions of six or more homes from the additional 3% LBTT surcharge. The SPF advocated such an
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exemption in its written and oral evidence to the Finance Committee, in order to support large scale PRS investors, SME housebuilders, and property entrepreneurs. The Holyrood’s Finance Committee recommended the exemption, which was yesterday accepted by the Scottish Government. David Melhuish, director of the
Scottish Property Federation, commented: “We believe that there should be an exemption set for larger scale transactions of six or more properties, and we are pleased that the Scottish Government has listened to our concerns and brought in the exemption. “Significant large scale investment by
institutional funds has the potential to really help to boost housing supply in Scotland, and this move will particularly help the emerging build to rent sector. Without these recommendations, SME house-builders who were devastated by the financial crash, would have been severely constrained in attracting finance and investment.
he Scottish Property Federation (SPF) has welcomed the Scottish
The Out of Town Office Solution from 140-1950sq.ft
Situated approx 10 miles south of Glasgow City Centre A combination of large open plan spaces & individual offices
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www.kirkhillhouseofficepark.co.uk COMMERCIAL PROPERTY MONTHLY 2016
Bonhams Kirkhill House now fully let
Latest letting
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