CALA Management Limited has completed the purchase of a 5.87-acre site in Cathcart, Glasgow, from Celeros Flow Technology.
The housebuilder will now progress the delivery of The Foundry, a new development comprising 254 new homes, including a selection of one, two, and three-bedroom apartments, as well as two and three-bedroom penthouses.
Celeros FT chose Cala Homes (West) as its residential partner in October 2022 to develop surplus land. Planning permission was granted by Glasgow City Council in March 2024 and acquisition of the site represents a milestone for Cala who will reinstate the vacant, brownfield site as a residential destination.
Representing approximately £61 million of investment from the housebuilder, the firm said ‘best-in-class’ biodiversity and sustainability standards are reflected in the design of the site, with homes powered by ground source heat pumps and passive electric vehicle charging installed at various locations.
The first homes are expected to be available in spring 2025.
Moray Stewart, land director at Cala Homes (West), said, “We are extremely excited about The Foundry which will be truly unique in the area, enhancing biodiversity and creating numerous social economic benefits within the community. The acquisition of the site is an important milestone and working with our project partners, we will now get underway with preparatory works immediately.
“The investment made by Cala to develop The Foundry underlines our commitment to enhancing urban communities, creating better housing opportunities for a wide demographic of people as well as facilitating new jobs that will importantly help to grow the local economy.”
An independent economic impact assessment highlighted that the construction phase will create approximately 133 direct jobs and support a further 123 indirect roles.
Through its Community Pledge, Cala will support a range of organisations and groups. This will include delivering its Land to Life educational workshop to primary schools and celebrating local businesses through its Showhome of Support initiative.
