Caledonian Trust PLC

Climate Impact & Sustainability Data (2019)

Short-term Goals:

Develop sites in the profitable Edinburgh housing market as soon as practicable.

Delays in obtaining planning consent for St. Margaret’s House.
Delays in the sale of residential properties at Brunstane and Ardpatrick and commercial forest at Ardpatrick.
High loan-to-value (LTV) finance costs.
Political uncertainty in Scotland.
Poor economic conditions in Scotland.
Delays in the development program due to various factors including obtaining utilities.
Difficulties in obtaining bank loans due to strict criteria and high interest rates.
Poor market conditions in the Scottish Borders.
Damage to Ardpatrick's buildings and landscape caused by storms.
Administrative delays and wildlife surveys delaying felling license for commercial forest at Ardpatrick.
Topographical error in the title of adjacent property impacting the sale of Oak Lodge.

Negotiated an extension for planning consent for St. Margaret’s House.
Considered selling sites to accelerate development but opportunity costs were too high.
Considered using high LTV finance but finance costs were unreasonable.
Commissioned architects to redesign the Belford Road facade to reflect consumer demand and modern design.
Negotiated with neighboring houses to reduce phosphate emissions at Chance Inn.
Demolished existing farm buildings to endure consents.
Completed extensive archaeological survey at Belford Road.
Implemented a care and maintenance basis for Ardpatrick properties.
Negotiated with the owner of the adjacent property to correct the topographical error impacting Oak Lodge sale.

Frameworks Used: IFRS as adopted by the EU

Third-party Assurance: Johnston Carmichael LLP