Edinburgh-based Miller Homes has acquired Wallace Land Investments and Management for an undisclosed sum. Miller said the acquisition will allow the company to add 41 sites to its strategic landbank, taking the total to 119. The 41 sites are spread across Scotland and England and include enough land for Miller to build thousands of homes on. Miller Homes chief operating officer Stewart Lynes said: “Land is the lifeblood of our business, and this acquisition almost doubles the size of our high quality strategic landbank and brings to our business a well-located landbank with strong planning prospects.”
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SGS, which owns Braehead Shopping Centre in Renfrewshire, has announced a new financial deal and reported reopening footfall that leads its group. It said heads of terms have been agreed on a long-term financial restructuring, including new funding to support future investment. It was described as “a very positive development” that will “will help to ensure long term financial stability and improved operational performance”. SGS said it demonstrates strong lender support, and the continued attraction of physical retail and leisure destinations, despite the disruption caused by the pandemic. It comes as the centre revealed strong figures from reopening. The 1.1 million sq ft Braehead reopened on April 26 and footfall was 113% of 2019 levels for the equivalent period of the first two weeks after that.