LRG acquires Dunlop Heywood in a surprise move into commercial property

The Leaders Romans Group has extended its activities into the commercial world with the acquisition of chartered surveying company Dunlop Heywood.

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Dunlop Heywood – established in 2008 – specialises in business rates liability and advises a wide range of clients in the aviation, docks and harbours, energy and renewables, retail and leisure sectors.

Agency group makes surprise move into commercial propertyLRG chief executive Peter Kavanagh says: “This is a fantastic acquisition for LRG, which will further enhance the range of expert property services we can offer our clients. Dunlop Heywood has a very well established market reputation for providing expert rating advice, and I am confident … we will be able to grow the business in the coming years.”

Two UK Wind farm deal worth £104m agreed

A £104m deal has been agreed to buy two Scottish wind farm projects which have yet to start construction.

Greencoat UK Wind will purchase the Windy Rig and Twentyshilling schemes in Dumfries and Galloway from Statkraft upon completion.

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Work is expected to start shortly with target dates in 2021 for the turbines to become operational.

Greencoat chairman Tim Ingram said it was delighted to partner with Statkraft on the project.

“This transaction follows, and is very similar to, our recently announced Glen Kyllachy acquisition from Innogy, with acquisition completion occurring upon the successful commissioning of the wind farms,” he said.

Windy Rig – a 12-turbine project near Carsphairn – and Twentyshilling, which involves nine turbines near Sanquhar, are projects originally developed by Element Power which was acquired by Statkraft last year.

See the source imageGreencoat UK Wind is managed by renewable investment firm Greencoat Capital.

The company already has an extensive portfolio in the UK.

It either owns or has a stake in nearly a dozen wind farms in Scotland, including a 28.2% interest in the giant Clyde wind farm in South Lanarkshire.

In the Scottish Borders, it has a 51.6% stake in Drone Hill, Coldingham, and owns 100% of Carcant, near Heriot, and Langhope Rig, near Hawick.

Source: BBC News

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