Leisure entrepreneur Trevor Hemmings is to acquire Scottish & Newcastle’s Ellersly Road HQ, according to The Scotsman. S&N announced last month that it plans to downsize its head office by moving into Edinburgh’s upmarket 28 St Andrew Square, owned by Hemmings through one of his subsidiaries, Delma Developments. However, it is now understood that upon S&N’s departure, Hemmings will acquire the Ellersly Road property as part of an asset swap. Hemmings holds a 3%-4% stake in S&N and maintains close links to the board as a former non-executive director. Such a move would enable S&N’s head office staff to take over a smaller but highly prestigious location without incurring extravagant costs, while Delma would acquire a property in an affluent suburb with plenty of potential for residential development. S&N chief executive Tony Froggatt is known to be cutting costs at the brewer, with property disposals among his top priorities. Since he took over in 2003, the company has disposed of both its breweries in Fountainbridge, Edinburgh and Newcastle, the latter the historical home of Newcastle Brown Ale. Delma bought the 28 St Andrew Square property in 2002 from US company Destinations Europe, refurbishing it to create one of the city’s most prestigious properties. However, it is notoriously difficult to let and has remained vacant since it reopened in 2004. S&N is soon to move 100 legal, marketing and finance staff into the building. Trevor Hemmings’ fortune is said to be worth approximately £730m. He owns Blackpool tower.