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
15/11/2024
A significant redevelopment is underway at Royal Naval Air Station (RNAS) Culdrose, Cornwall, following a contract award to Kier and Mott MacDonald. The Defence Infrastructure Organisation (DIO) and the Royal Navy marked the occasion with a contract-signing and ground-breaking ceremony, ...
15/11/2024
JV North, a consortium of housing associations and local authorities, has unveiled a new £500 million procurement framework aimed at delivering over 3,000 affordable homes between 2025 and 2029. The initiative marks a significant boost for social housing and the construction sector. The ...
15/11/2024
Sempra Homes has announced funding approval for a new affordable housing project at Bowers Close on London Road, Pitsea. The development will deliver 31 high-quality homes, offering a mix of rental and shared ownership properties designed to address local housing needs. The project has received ...
15/11/2024
Vistry Group has received planning permission for the first phase of its Wolborough Grange development, which will deliver 94 high-quality homes. This milestone marks the beginning of a transformative project that will provide sustainable housing and significant community benefits in Newton ...
15/11/2024
Salisbury Coach Park and the main footpaths through the Central Car Park have reopened following an extensive transformation by the Environment Agency as part of the River Park scheme. The upgraded facilities aim to provide a more welcoming and comfortable experience for coach passengers visiting ...
15/11/2024
Pennyfarthing Homes has unveiled an exceptional collection of one- and two-bedroom apartments at Oakwood Grove, a modern development offering affordable homes through the Government-backed First Homes scheme, now available via Dorset Council. Located in the scenic rural village of Alderholt, ...
15/11/2024
Morris & Spottiswood Group has acquired part of the collapsed ISG group, offering a vital lifeline to the employees and projects operating within its remit. Absorbing the former ISG Cathedral business, Morris & Spottiswood Group, which is a specialist provider of fitout, refurbishment, M&E, ...
15/11/2024
Morgan Sindall Construction has officially commenced work on Rosherville Church of England Academy, a new primary school designed to address the educational needs of Northfleet’s expanding community. To commemorate the start of the project, a time capsule was ceremonially lowered into the ground, ...
15/11/2024
Vistry Group has exchanged contracts to develop over 200 mixed-tenure homes at Waggons Way, Doncaster. The 16-acre site, formerly part of the Hatfield Colliery, will be transformed into a vibrant new community featuring up to 236 high-quality homes. The proposed development will include homes ...
15/11/2024
The University of Sunderland has officially relaunched its newly refurbished cinema. The venue on St. Peter's Campus was damaged beyond use due to Storm Arwen in 2021, but now a £1.3m investment means it is back in action once again. To mark the occasion, Sir David Bell, the University’s ...