News

News

DRIP REIT Announces Further Acquisitions in Gloucester and Manchester

26th February 2016

DRIP REIT growth continues taking portfolio to seven regional UK investment properties totalling £40.362 million

Drum Income Plus Real Estate Investment Trust (DRIP REIT) has acquired two further properties in Manchester and Gloucester for a combined total of £9.71 million. DRIP REIT has…

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TK Maxx opens at Buttermarket

22nd February 2016

Drum Property Group and Capital & Regional have announced the opening of an anchor TK Maxx store at the Buttermarket shopping centre in Ipswich.

TK Maxx has relocated to a larger 27,000 sq ft unit at Buttermarket, as Drum and Capital & Regional progress a £35 million redevelopment of the centre.…

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Drum Shortlisted for Awards

16th February 2016

Drum Property Group is a finalist across three categories at the Scottish Property Awards 2016.

The Grande, Drum’s city-centre regeneration project, has been short-listed for Development of the Year (Commercial); The Grande has also been selected to progress to the public vote in the Deal of the…

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DRIP REIT Exchanges on Manchester Office

22nd December 2015

 

Drum Income Plus Real Estate Investment Trust (DRIP REIT) has exchanged contracts on another significant acquisition with the purchase of Lakeside 5500 in Cheadle, Manchester.

Lakeside 5500 is a prime multi-let office development with key tenants Micron Europe Limited and Agilent Technologies…

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New Leisure Offer at Buttermarket Unveiled

25th November 2015

 

Drum Property Group and Capital & Regional have announced today that a new 12-screen Empire cinema will be at the heart of the redeveloped Buttermarket shopping centre in Ipswich.

The commitment from Empire comes as the owners unveil their vision for the £35 million redevelopment, which will…

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DRIP REIT announces Glasgow Acquisition

23rd November 2015

REIT enjoys continued growth having now purchased four major UK investment properties totalling £26 million

Drum Income Plus Real Estate Investment Trust (DRIP REIT) has completed another significant acquisition with the purchase of Monteith House in George Square, Glasgow for £5.75 million.

Cambodia Build Complete

25th October 2015

 

Humanitarian design organisation, Orkidstudio, supported by Drum, has completed the reconstruction of a community centre and school in Sihanoukville, Cambodia.

The coastal port city of Sihanoukville, Cambodia, is a well-known tourist spot, with long-stretching golden beaches and a busy central…

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DRIP REIT Set to Reach £20M Investment Milestone

06th October 2015

Drum Property Group’s Real Estate Investment Trust (REIT), launched on the London Stock Exchange in May 2015, has completed two major UK acquisitions and exchanged contracts on a third, with a combined value of £20 million.

The Drum Income Plus REIT has completed the acquisition of the Duloch…

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Phase 1 at The Grande Complete

31st July 2015

Drum Property Group has completed the first phase of The Grande development – Annan House, the 120,000 square foot office headquarters for leading North Sea oil producer EnQuest.

Situated at the former derelict Aberdeen Seafood Park on Palmerston Road, the new office complex is the first phase…

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Cambodia Build Begins

10th July 2015

Orkidstudio, the humanitarian design organisation supported by Drum, has begun its latest project in Sihanoukville, Cambodia.

A well-known tourist spot, with long-stretching golden beaches, the city also has a less expatriated side. It is in this part, nestled behind a busy market street where…

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AAB Construction Underway at Prime Four

11th June 2015

Construction work has started on Anderson Anderson Brown’s (AAB) new office complex, located on the Prime Four business park at Kingswells west of Aberdeen.

The 45,000 square foot facility is being built to AAB's specifications by park developers Drum Property Group. It is expected to be…

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Drum Set For UK Expansion

29th May 2015

 

Drum Property Group’s investment business is set for significant UK expansion following the flotation of a new Real Estate Investment Trust (REIT) on the Main Market of the London Stock Exchange, which starts trading today Friday, 29 May 2015.

The Drum Income Plus REIT, which has raised over…

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Beaumont Breaks World Record

22nd May 2015

 

Record-breaking cyclist Mark Beaumont has become the fastest rider to cycle the length of Africa. 

Drum Property Group proudly sponsored the adventurer in his quest to complete the 6750-mile trip from Cairo to Cape Town in 41  days, 10 hours and 22 minutes, smashing the previous world record…

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New City Centre Hotel Application Announced

29th April 2015

 

 

 

Proposals to build a new 210-bedroom hotel in the North Dee area of Aberdeen city centre have been announced by Drum Property Group.

A detailed planning application has been submitted by Drum for consideration by Aberdeen City Council. Subject to planning consent, the new 90,000 square…

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Wellness Centre Planned for Prime Four

23rd April 2015

 

The construction of a significant wellness centre to provide a range of healthcare services for companies as well as families and individual customers is the latest building complex to be announced at Prime Four Business Park in Kingswells.

The One Healthcare Group, will operate the 45,000…

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Drum to sponsor Africa Solo

07th April 2015

Fife Hyland, Mark Beaumont and James Mitchell outside the Drum office in Edinburgh

 

On Friday April 10th, Mark Beaumont, endurance athlete, broadcaster and author of best-selling “The Man Who Cycled The World”, will begin an epic solo 10,000km charity cycle from Cairo to Cape Town.

Drum…

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Uddingston Consent Secured

02nd April 2015

 

Drum has secured planning consent to develop 19,000 sq ft of retail space that will include Marks & Spencer in Uddingston, just outside Glasgow.

The new Marks and Spencer store will consist of 11,000 sq ft with 5,000 sq ft at mezzanine level and work is expected to begin in June with…

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Drum named Property Company of the Year

06th March 2015

 

Drum Property Group was named Property Company of the Year at the Scottish Property Awards held last night (5 March) in Edinburgh. 

Drum’s Prime Four Business Park was also named Development of the Year (Commercial Buildings) at the awards, which recognise the best commercial and public…

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Drum Acquires Shopping Centre in JV Deal

04th March 2015

 

Drum Property Group has announced today that it has acquired the Buttermarket Shopping Centre in Ipswich in a 50:50 joint venture with Capital & Regional plc. 

The joint venture, Buttermarket Ipswich Ltd, has purchased the freehold of the 230,000 sq ft centre for £9.2 million from PR Ipswich…

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Lloyd’s Register Set for Prime Four

29th January 2015

 

The Lloyd’s Register Group (LR) is the latest world class energy services company to select the Prime Four business park at Kingswells, Aberdeen as the location for its North East Scotland operations. 

The global engineering, technical and business services organisation, which operates across…

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