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29.01.10 Help Us Smash Target
Perth accountancy firm Campbell Dallas figure they can beat last year's Cash for Kids charity ball fundraiser if local businesses rally round again.
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25.01.10 Testimonial Main
St Johnstone goalkeeper and club record appearance holder Alan Main has been granted a testimonial. Read more
25.01.10 GM and Wind Energy Amongst Topics Aired at Panel Night
"It will be really disappointing if someone finds a whole lot of oil - it will fairly spoil the renewable energy industry!" said Peter Cook. Read more
23.01.10 Farmers Need to be More Business-Like
UK farmers have been on a rollercoaster ride for a good number of years - but the future appears to offer little change, with today's farmers having to become more business like if they are to take advantage of long-term financial assistance. Read more
12.06.09 DEVELOPMENT FIRM BUYS POPINJAY
A popular hotel in Lanarkshire has been sold by administrators Campbell Dallas to a development company whose directors include Glasgow Rangers and Scotland midfielder Barry Ferguson.
Jones Lang LaSalle orchestrated the deal to buy the Popinjay Hotel in Carluke on behalf of Clyde Valley Developments for an undisclosed seven figures sum. Christie & Co acted for the sellers.
The 34 bedroom hotel, which dates back to 1882, incorporates a restaurant, bar, function suite, leisure club and swimming pool. Clyde Valley developments intends to keep the business as a hotel and leisure club.
Akram Mohammed of Clyde Valley Developments Ltd said: "The Popinjay Hotel is a well established property in Carluke which we are keen to develop and give a new lease of life by implementing a phased refurbishment."
Joint administrator Derek Forsyth of Campbell Dallas said: "There was significant interest in the hotel with six formal offers being received, confirming the hotel's highly regarded status".
The Clyde Valley Development Ltd, established in 2004, is run by a number of shareholders including Ferguson, Mohammed, Colin McWhinnie, Davie Russell and Asam Sarwar. The development company owns a number of properties in Lanarkshire and plans to expand its property portfolio in the area over the coming years.
Publication: Business 7
Date: 12th June 2009
