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Aberdeen and Edinburgh property developer Drum has announced the flotation of a £31.9 million real estate investment trust (Reit). The firm it is targeting “significant” growth through its Drum Income Plus Reit, which will initially be concerned with commercial property assets valued at between

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The UK government could force Royal Bank of Scotland to increase the size of the Williams & Glyn business that is has to sell off to meet the obligations of its 2008 taxpayer bailout. RBS, which is spinning off the Williams & Glyn business next year in a move enforced by the European Union,

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Dundee energy contractor Sustainable Energy Scotland (SES) has called in administrators after mounting debt and market volatility. Managing director Callum Milne told The Courier that the voluntary step to bring in Begbies Traynor, which has resulted in the loss of 40 jobs, had been taken with “re

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Lending to first-time buyers in Scotland was down in both value and volume, according to the latest data from the Council of Mortgage Lenders (CML). In the first quarter of 2015 first-time buyers took out 5,400 loans, 23 per cent down on the fourth quarter of 2014. These were worth £580 million, do

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Average Scottish rents recorded in April increased by 1.6 per cent in a year, according to Your Move’s latest Scottish Rental Index. This is the fastest year-on-year increase in rents since November 2014 when the annual change stood at 2.2 per cent, the data shows.

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Martin Gilbert Aberdeen Asset Management has bought £4.1bn US private equity and real assets manager Flag Capital Management in a move the firm said will improve its hedge fund, property, private markets, infrastructure and pan-alternative offerings.

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