CALA Finance, the residential funding arm of Edinburgh-based residential and commercial property developer CALA Group, has backed a £12m development by central Scotland developers MCA Homes in East Kilbride.

MCA Homes will develop 80 new houses and apartments on the 3.5 acre site, located on Lindsayfield Avenue. The development is ideally located within easy reach of many of East Kilbride's amenities, including a nearby supermarket, and is also bounded to the south and east by rolling open fields. There is also easy access to the town centre and the major road links to Glasgow, Edinburgh and Stirling.


CALA Finance manages a £120 million development fund and can provide up to 100 per cent financial support and flexible deals, for small and medium sized property developers on projects with a gross development value of over £1 million.

Along with funding, CALA Finance offers advice on land acquisition, planning, development costing, construction and sales and marketing.

Working with a variety of companies, CALA Finance has helped build over £365 million of new build housing in Scotland and over £700 million throughout the UK since 1985.

This is the fifth project CALA Finance has undertaken with MCA Homes, previously working on developments in Stirling, Cambusbarron, Stepps and Carstairs.

Raymond McCandlish, Managing Director, MCA Homes Ltd: "We have worked with CALA Finance on several projects over the last 10 years and look forward to continuing to do so in the future. Working with CALA finance is not simply a matter of funding for the project, they have within their company a wealth of experience and expertise that can, and invariably does, prove invaluable."

(CD)