Marijana No Comments

Planning permission secured for 1,550 homes at New Eastern Villages in Swindon

Property developer Capital Land Property Group has secured planning permission from Swindon Borough Council for Great Stall East, part of the New Eastern Villages (NEV) development in the eastern side of the town.

Founded in 2014 by Swindon developer Jeremy Francis, Capital Land will deliver a minimum of 1,550 homes along with a primary and secondary school within the Great Stall East development.

There will be a selection of two, three, four and five bedroom private and, according to Capital Land Property, ‘affordable’ homes.

Francis said: “I am Swindon born and raised and my family roots here date back three generations. In fact, the whole Capital team has an emotional attachment to the town, so the news that we have secured planning permission after years of meticulous preparation is tremendously satisfying.

To find out more about how we can assist you with your Development Finance requirements, please click here to get in touch

“Not only will we build some great homes for people to live in, our plans show that we will create a genuine ‘village’ community, with all the local amenities you would expect in a thriving location and the kind of expansive green spaces families of all ages will appreciate.

“I take pride in all my projects, but being able to contribute to Swindon’s growing reputation as a residential and business hub is extra special.”

He added that securing planning permission for Great Stall East is the result of several years of detailed technical and design work, and follows meetings with Swindon Council as well as a public consultation.

Francis added: “We are talking about an investment of over £400 million, so this is a really significant project for the town’s future.”

BY RYAN BEMBRIDGE

Source: Property Wire

Marijana No Comments

Plan for 700 rental homes to revitalise historic city site gets green light

A £200 million proposal to create a new residential neighbourhood with more than 700 homes in a historic area has been granted planning permission.

Residential investor Get Living said its build-to-rent  scheme will transform a derelict site behind High Street train station in Glasgow.

It said that Glasgow City Council has approved plans which will enable the investment partnership behind Get Living PLC to invest £200 million to build 727 new build-to-rent homes on the 7.5-acre site behind the station.

The scheme will feature a new public square, 99 student studios and around 3,365 sq m of space for retail, leisure, food and drink and commercial businesses.

New development
The development will feature 727 new build-to-rent homes (Get Living/PA)

There will also be new tree-lined access routes on the site to connect the Merchant City through to the East End via High Street.

Rick de Blaby, Executive Chairman of Get Living, said: “We welcome the decision by Glasgow City Council to grant consent for our neighbourhood and believe it will bring much needed, in-demand, high-quality homes for rent to the heart of the city.

“With a wealth of commercial developments in the city centre and on the waterfront of the river Clyde, it is an exciting time for Glasgow and it is fantastic to be able to say we are now a part of its ongoing revitalisation.

“We have listened carefully to the views of local businesses and the people of Glasgow in forming these ambitious plans.

“Now, as long-term investors, we will build on those relationships even further in the years to come and look to become part of Glasgow’s Civic Family, delivering a new area of the City’s fabric with important historical significance.”

Other than a section currently used as a car park the site has lain vacant and derelict for many years.

Developers said the Molendinar Burn, the original freshwater source upon which Glasgow was founded, passes underneath the site while the area was home to the University of Glasgow before it moved to the west end in the 19th century.

Work on the first phase of the development is expected to start in 2019, subject to securing a building warrant.

Stuart Patrick, Chief Executive, Glasgow Chamber of Commerce said: “This development will completely overhaul a key area of Glasgow, located right on the cusp of the city centre in an ideal location. It is an impressive and extensive scheme in both its scale and ambition, creating hundreds of high-quality homes alongside competitively located commercial space.

“Attracting people to live centrally is a key priority for our urban planners, driving sustained volumes of footfall for the retail and leisure sectors whilst also bringing skilled workers closer to their jobs and reducing travel demand. ”

He added: “Securing planning permission is an important milestone and we’re looking forward to watching the progress of Glasgow’s newest neighbourhood.”

Source: Express and Star