Scottish housebuilder Springfield Properties has signed a £18.2m agreement with West of Scotland Housing Association to develop 114 affordable homes in Dalmarnock, Glasgow.
The 2.2-hectare development is part of Scotland’s £1.5bn Clyde Gateway regeneration programme. It will be jointly funded by Glasgow City Council and private finance provided by WSHA Lenders.
Planning consent for 237 homes is already in place. The group expects to commence construction in March 2020 and to complete handovers by the end of its 2021-22 financial year.
Under the agreement, the scheme will deliver 114 homes for WSHA, comprising one- to five-bedroom social-rented and mid-market rental homes.
Proposals also include two commercial spaces and play areas. The homes have been designed to be energy efficient, to reduce running costs for tenants. Solar photovoltaic panels will be installed on the roofs of the buildings.
The group is in talks to deliver the second phase of 123 homes with another provider.
The site is located in the east end of Glasgow on a brownfield site that has been empty for around 60 years.
Innes Smith, chief executive of Springfield Properties, said: “ This is another great contract for Springfield that strengthens our revenue visibility over the next two years.
“We are also proud to be contributing to the Clyde Gateway regeneration, which is an important programme to stimulate growth in this area in the west of Scotland as well as provide much needed additional housing in Glasgow.”
Andrew Kubski, director of development and asset management of West of Scotland Housing Association, said: “We have been supported both by our own funders and funding provided by Glasgow City Council that allows us to deliver these 114 homes that will form an integral part of WSHA’s development programme and growth strategy to create high-quality energy-efficient homes for our tenants and customers.’’
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