BIGG Regeneration, a joint venture between Scottish Canals and PfP Capital, has acquired ten acres of land from Scottish Canals for residential development at Dundashill, Glasgow.
As part of the deal, BIGG has sold the adjacent 100 Borron Street and industrial trading estate, Payne Street to Scottish Canals.
Dundashill is the site of the former Diageo distillery which closed in 2011. Scottish Canals, working alongside Glasgow City Council, BIGG and igloo Regeneration, which together form the Glasgow Canal Regeneration Partnership, subsequently acquired the brownfield opportunity, before securing planning permission in principle for a 600-home residential-led masterplan framework in 2017.
The transformation of the site started in 2018, with Scottish Canals awarding a £5.7 million enabling works package, with funding support from the Glasgow City Region City Deal. These works have now been completed.
BIGG’s land acquisition will enable the delivery of up to 260 of the new houses, with a planning application to be submitted this month,
The asset sale of 100 Borron Street, previously known as Port Dundas Business Park, and Payne Street to Scottish Canals, also includes Glasgow’s indoor skatepark, The Loading Bay and Everyday Athlete gym.
John Tatham, finance director at PfP Capital, part of Places for People, said, “The land acquisition from Scottish Canals was critical in our plans to bring the next phase of development forward at Dundashill. We’ve seen from the success of Maryhill Locks, which saw the latest phase of 33 family townhouses sell completely off plan, that there is a significant demand for well-designed homes and places.
“The transference of 100 Borron Street and Payne Street over to Scottish Canals will also allow us to focus entirely on future phases of development around Dundashill, safe in the knowledge that the assets will be well-managed with Scottish Canals being such an important, long-term custodian of the area.”
Catherine Topley, CEO of Scottish Canals, added, “Scottish Canals is delighted to be working alongside our partners Places for People Capital, Glasgow City Council and igloo Regeneration in transforming this brownfield site into innovative and quality canal-side housing. This dynamic new development will allow people to live and work in the area, adding value to North Glasgow through additional spend, job creation and improved public realm. It will also see the canal used to capture surface water run-off from Dundashill, in an environmentally innovative way to successfully make a positive impact on climate change in this part of the city.”