The residential development, in the Sighthill area of Glasgow, will feature 826 new homes (628 for sale, 198 for mid-market rent), retail units, a new community school campus as well as improved transport to the city centre.
The new mid-market rent homes will be built by Glasgow Housing Association (GHA) and let and managed by GHA’s partners in Wheatley Group, Lowther Homes.
The private homes, retail units and commercial developments are being delivered through a development agreement between Keepmoat Homes and Glasgow City Council.
The regeneration of Sighthill is being delivered by ‘Transforming Communities: Glasgow’, a partnership between Glasgow City Council, Glasgow Housing Association and the Scottish government, with additional funding from the Glasgow city region city deal.
Councillor Kenny McLean, City Convener for Neighbourhoods, Housing and Public Realm at Glasgow City Council, said: ‘The signing of this agreement between Glasgow City Council, Glasgow Housing Association and Keepmoat Homes is another milestone in the regeneration of Sighthill.
‘The transformation of the area will serve as an example of what can be done in urban regeneration, with the creation of a fantastic neighbourhood immediately beside the city centre.’
James Thomson, CEO of Keepmoat Homes, said: ‘Sighthill is a flagship development for Keepmoat Homes. We are delighted to have been chosen to work with Glasgow City Council and Glasgow Housing Association on this exciting regeneration programme.
‘We will employ the greatest effort and care to ensure that the ambition of Transforming Communities: Glasgow is fulfilled and, as such, create an exciting, rich and desirable place to live, work and play. ‘
GHA Chair Bernadette Hewitt said: ‘This is a monumental milestone in the transformation of Sighthill. GHA is really proud to be a partner in this transformation and as part of this next phase, we’re building almost 200 homes for mid-market rent.
‘The first phase of regeneration saw 141 new GHA homes for social rent built in 2015. Tenants in these high-quality, spacious modern homes are already saving money on their bills and enjoying a better quality of life as a result. It’s a really exciting time for the area.’