Top property experts at regeneration event

Key property investors and professionals attended an event in Edinburgh to hear how one Scottish regeneration company is helping the development community through the recession.

Irvine Bay Regeneration Company held the event in the Capital on Monday, June 8th, to emphasise the innovative and creative role that can be played by urban regeneration companies.

The company was delighted at the response to the event, both in attendance and feedback.

Patrick Wiggins, Chief Executive of Irvine Bay, said: “We were delighted to hold this event in Edinburgh as the city is one of the centres for property expertise and investment in Scotland, and the industry here takes a national and international view.

“While we are not immune from the difficult economic times, the fact that our plans are long-term provides us with the ability to focus on important planning and preparation work, whilst helping to progress ongoing plans and developments.

“Because of the unique nature of URCs we can take a creative approach which allows us, for instance, to share both risk and potential profit with development partners through the provision of land rather than the straightforward sale of a site. We have also helped provide essential gap funding, and in another case we have been able to assist through the funding of site enabling work. All of this means that developers working with us can enjoy a higher degree of confidence.”

The meeting, which was by invitation only, took place at the Bonham Hotel.