SPRINGFIELD Properties has signed an agreement totalling £18.2 million with West of Scotland Housing Association (WSHA) for the development of 114 affordable homes and two commercial units in Dalmarnock in Glasgow’s east end.
This development is part of Clyde Gateway’s regeneration programme and will be jointly funded by Glasgow City Council and WSHA lenders.
With planning consent already in place, Springfield said it expects construction to start this month, with completed handovers by the end of its 2021/22 financial year.
The housebuilder will deliver a mix of homes comprising one to five-bedroom social rented and mid-market rent homes. The plans also include two commercial units and provision of play areas.
The 2.2-hectare development has planning consent for 237 homes, with Springfield in negotiation for the provision of the second phase of 123 homes with another provider.
Innes Smith, CEO 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.
“At Springfield, we believe everyone deserves a good place to live. We know we can build more homes, for more people, by working with strong partners who have the same vision. We are pleased to be partnering with West of Scotland Housing Association for the first time and look forward to delivering well-designed, attractive highly energy efficient homes that will have a positive impact on the area.”