"Trillium's Millions Land 30 Accor Hotels Accor has agreed a sale and leaseback deal involving 30 of its hotels (5,000 rooms) in the UK. Land Securities Trillium (LST), part of the Land Securities Group, will pay £439 million for the mix of Ibis and Novotel properties, which Accor will operate under 12-year variable leases for a total of 84 years. LST will pay an additional £35 million over four years towards the renovation of the portfolio. Accor intends to use the agreement to create a long-term partnership with Land Securities that will allow the hotel chain to develop further in the UK. " Hospitalitynews
Last Tuesday this Article appeared entitled "Royal Mile Flats Saved as Demolition Ditched"
The Save Our Old Campaign got in touch with The Evening News saying this was misleading and untrue. But all they printed the next day was an article which didn`t state the facts yet again, but one that implied that those moany protestors will never be happy, even when the developers twist the facts and try to make out they have listened to what concerns people and heritage bodies have about this "once in a generation" Caltongate.
But today we read that at least Caltongates` major architect AllanMurray Architects has rubbished reports that an integral part of its £300 million Caltongate masterplan in Edinburgh has been scrapped. The following article appears on The Architects` Journal
"An Edinburgh Evening News report claimed that, due to pressure from several of the Scottish capital's numerous heritage bodies, plans to demolish a section of Royal Mile tenements had been shelved.However, speaking to the AJ, practice principal Allan Murray said that the scheme for developer Mountgrange was still going ahead.
'It is right that the application has been withdrawn, but it hasn't been scrapped – it has simply been replaced,' Murray said.
'There was an issue over a breakthrough that will create a link between the new public square and Waverley Station. This is now being replaced by a doubled height, covered route through.' "