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)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
21/11/2024
Europe's leading online cleanroom consumables supplier, Cleanroomshop, has recently launched a brand-new website, giving its users an improved user experience. The new website continues to offer over 2,000 products from more than 40 brands, whilst incorporating a new look and more efficient ...
20/11/2024
Construction firm Willmott Dixon has partnered with Westminster City Council on a £36 million project to restore the historic Seymour Centre in Marylebone, a Grade II listed building dating back to the 1930s. The project, procured through the SCF framework, will see the three-storey centre undergo ...
20/11/2024
The Hill Group has commenced work on a new development in Billericay, Essex, which will deliver 179 high-quality homes across a 20-acre site. Designed to blend with Billericay's scenic countryside while addressing the pressing demand for sustainable housing, the project is located on Kennel Lane ...
20/11/2024
Extensive groundwork is underway for a new housing development in Maidstone, where Vistry Group, in partnership with Legal & General Affordable Homes, is set to build 272 properties on the site of the former Tovil Quarry off Farleigh Hill. The project will include 37 affordable homes for low-cost ...
20/11/2024
Stonewater has scooped a new energy efficiency retrofit contract with compliance and energy services provider Correct Contract Services. This work, funded through the Social Housing Decarbonisation Fund (SHDF) Wave 2, will include a range of energy-saving upgrades. Measures such as loft ...
20/11/2024
Kier has been appointed by Cambridgeshire County Council to deliver building, mechanical, and electrical maintenance services across the Council's portfolio of 160 corporate buildings. The contract, which began in November 2024, will run until 2027, with the possibility of two one-year extensions ...
20/11/2024
Builders use water for various functions on the job, they utilise this resource for worker hygiene, hydration, concrete batching, grouting, dust suppression, drilling and piling. If companies mismanage this water use, they can increase their environmental impact. When the industry comes ...
20/11/2024
Edmond Shipway has been appointed to a pioneering initiative tackling homelessness in Greater Manchester, providing project management and cost consultancy services on the second phase of Embassy Village. Set to deliver 40 purpose-built homes for men facing homelessness in Manchester, Embassy ...
20/11/2024
West Sussex County Council is inviting residents to share their views on proposed transport improvements at the Hazelwick and Tushmore junctions on the A2011 Crawley Avenue. The proposals aim to make walking, cycling, and public transport more appealing for short journeys. This initiative is part ...
19/11/2024
McLaren Construction has commenced works at the first UK industrial scheme in the East Midlands for a joint venture with Garbe Industrial Real Estate GmbH and Invesco Real Estate. McLaren will oversee all aspects of construction for the £30 million project located in Shireoaks, Worksop - in the ...