RENTAL home operator Casa by Moda is set to open a new £41 million rental neighbourhood in Springboig, Glasgow, tipped to bring a ‘new generation’ of rental homes to the region for the first time.
The neighbourhood, called Casa, Vista Park, will offer deposit-free, pet-friendly living as part of an offer designed to prioritise health, wellbeing and sustainability.
Casa by Moda has purchased the neighbourhood from CCG Group. Casa, Vista Park will comprise a mix of one and two-bedroom apartments, alongside two, three and four-bedroom houses for rent, with community spaces including a wildlife area and two play parks.
Part of Moda Living’s single family rental platform Moda Family Homes, Casa, Vista Park marks the first time the single family rental model has been offered in and around Glasgow.
CCG originally purchased the land as a private residential development for CCG Homes. However, following the sale to Moda Living, CCG will now collaborate with Casa by Moda to complete the neighbourhood, regenerating the 6.5-hectares of brownfield land.
Residents will benefit from several Casa brand partnerships, including Utopi’s tech platform. Smart technology is installed in every home to monitor air quality, energy usage and carbon emissions – while also being able to pre-empt maintenance issues and provide live data reporting via the MyCasa resident app.
The app has been designed to provide residents with 24/7 access to a speak to customer service and report maintenance. The app also enables residents to pay rent, take advantage of brand partnerships, and also provides the option to book services such as dog walking, window cleaning and gardening.
Jonny Caddick, chief executive at Moda Living, said, “We’re incredibly excited to be bringing Casa by Moda to Glasgow for the first time. There is significant undersupply of quality rental homes across Scotland, and in Glasgow in particular. With rental prices on the rise, residents want and deserve to be sure that they are getting value for their money and long-term security. At Casa by Moda, that’s exactly what we’re committed to delivering.”
Single Family Rental (SFR) is described as a relatively new concept in the UK and sees developers own and operate neighbourhoods in suburban locations.
CCG will complete the neighbourhood with the new homes being delivered for Casa to ‘market-leading’ standards of energy performance thanks to in-house construction and manufacturing technology, augmented by the integration of solar PV panels as standard.
Calum Murray, CCG director, added, “Single Family Rental, given the necessary support of government, is a major emerging market for housing and the construction sector in Scotland. We are delighted to be working in collaboration with Casa by Moda to bring this innovative family rental model to Glasgow for the first time.
“The level of investment created by this partnership, is particularly significant for our business, for the housing market and for the city of Glasgow, especially in the east end where our commitment to provide high-quality homes and sustaining jobs is hugely important for the local economy.
“Through our engagement with the city and the community from the outset, we are aware of how positively this new development is welcomed locally. Casa, Vista Park will be transformational and presents a real opportunity for families in Springboig and further afield to live in quality, efficient and spacious homes in a unique, and highly-accessible setting.”
Rettie & Co advised Casa by Moda on the deal alongside DWF, while CCG was advised by Savills and Andrew Strathern.
