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Real estate industry

£27m Housing Development to Replace Red Road Flats

Strategic Insights

— 1 min read

A major housing development is set to transform northeast Glasgow's landscape, providing homes for families cleared from the notorious Red Road flats. The £27 million project will deliver 122 new homes on a 16-acre site on Broomfield Road, with construction starting this month and expected to take 16 months to complete. The development marks a significant foray into the housebuilding sector for City Building (Glasgow), with around £13 million of the investment going towards Glasgow-based projects and suppliers.

Key Takeaways:

  • The £27 million housing development will provide 122 new homes on a 16-acre site in northeast Glasgow.
  • The project is a collaboration between City Building (Glasgow), North Glasgow Housing Association, and Alexander Morton Homes.
  • 50 homes will be privately owned, 52 will be available for rent, and 20 will be for low-cost home ownership.
  • The construction will create over 60 skilled jobs and apprenticeships, with a focus on timber kit frames manufactured by Glasgow-based Royal Strathclyde Blindcraft Industries.
  • The development will contribute to the regeneration of Glasgow, with significant benefits for local tenants and the opportunity for first-time buyers to get on the property ladder.
  • Councillor Steven Purcell, Leader of Glasgow City Council, welcomed the project, highlighting its importance for the local community.

Statistics:

  • 122 new homes will be delivered as part of the housing development.
  • £27 million is the total investment for the project.
  • £13 million of the investment will be spent in Glasgow, benefiting local suppliers and the economy.
  • 50 homes will be privately owned, accounting for approximately 41% of the total development.
  • 52 homes will be available for rent, making up around 43% of the total development.
  • 20 homes will be for low-cost home ownership, approximately 17% of the total development.
  • Construction is expected to take 16 months to complete, with work starting this month.

Sources:

  • Iain Lundy, "£27m housing development to house people cleared from Red Road flats," Evening Times, exact date not provided.
  • Councillor Steven Purcell, Leader of Glasgow City Council, welcome statement, exact date not provided.
  • City Building (Glasgow), North Glasgow Housing Association, and Alexander Morton Homes, collaborative press release, exact date not provided.

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