Albyn announces two new developments

Wednesday 30 May 2012

Work is starting on two sites in Inverness-shire on our behalf, boosting the local construction industry by £2.8m.

The sites in Beauly and Clachnaharry are being built by local companies Simpsons Developments and O’Brien Properties respectively.

Together they will provide 24 much-needed new affordable homes for low cost ownership or rent.

In Beauly, we are building eight two-bedroom cottage flats for rent behind Made in Scotland and in desirable Clachnaharry, on the outskirts of Inverness, there will be 16 two-bedroom three-person flats for rent and LIFT shared-equity purchase.

We also recently announced plans for development in a number of locations including Alness and South Kessock as we fight to provide affordable accommodation in the face of funding cuts.

Calum Macaulay, our Chief Executive, said: “Demand for high-quality, affordable and energy efficient housing is growing all over the Highlands and Islands.   We are committed to making the best use of grant funding and the Society’s own bank borrowing and reserves to keep delivering new building programmes such as these in the communities we serve.”

The Beauly development, totalling £952,592, is supported by a Scottish Government Innovation and Investment grant of £320,000, and is being purchased on completion from Simpson Developments.

The larger Clachnaharry project is a design-and-build commission in partnership with North Property Ltd who have appointed O’Brien Properties as building contractors. The Scottish Government’s Innovation and Investment Fund has contributed £637,646.00 towards its £1,867,344.00 development cost.

 

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