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Keepmoat and Glasgow City Council kickstart £250m regeneration scheme
Glasgow City Council and house builder Keepmoat Homes have agreed a deal to build 826 new homes in one of the city’s key regeneration areas.
More than three-quarters of the new homes (628) in the Sighthill Transformational Regeneration Area (TRA) will be available for private sale. The remaining 198 will be for “mid-market rent” and will be let by Glasgow Housing Association (GHA).
The TRA programme is being delivered by a partnership between the city council, Scottish Government and GHA. It has received funding from the Glasgow City Region City deal.
The 10-year programme will involve a £250m investment into the area in the north of the city.
As well as the new housing, the investment aims to improve connectivity for the site, including the construction of a road bridge across the Glasgow-Edinburgh railway line and a footbridge across the M8.
Developers have claimed the overall TRA project will be “the largest of its kind in the UK outside of London”.
The house builder will start construction on a mix of homes, of between one and five bedrooms, in summer 2019.
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James Thomson, chief executive of Keepmoat, said: “Sighthill is a flagship development for Keepmoat Homes. As the largest project of its kind outside of London it is a very exciting opportunity to truly transform this area of the city, creating long-term benefits.
"We are delighted to have been chosen to work with Glasgow City Council and Glasgow Housing Association on this exciting regeneration programme and 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.
“The past decade has seen significant changes in Glasgow with several area-based regeneration projects delivering much needed homes.
"The development of Sighthill has the potential to further contribute to the city’s success story with a new, sustainable community, close to the city centre and unrecognisable from its current landscape.
“We are committed to delivering wider community benefits as part of the programme, which will include the creation of apprenticeships and jobs in the area and work with local community projects.”
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