Grandhome acquisition marks £100m Scottish investment milestone for Dandara
Dandara has confirmed its latest investment in north-east Scotland with the acquisition of land in the first phase of the emerging new community at Grandhome in Aberdeen.
The housebuilder has delivered more than 2,500 homes since 2007, including developments at Deeside Brae; Oakhill Grange; Fairley Grove; Stoneywood and Hazelwood in Aberdeen.
At Grandhome, the only development in the region recognised by the Scottish Government’s Scottish Sustainable Communities Initiative, Dandara will create 69 homes ranging from two to four-beds, bringing its investment in projects in the region to more than £100 million.
This key first phase at Grandhome, will then lead to the development of the new community’s central hub, which will include a range of amenities such as local shops, office facilities and, at a later stage, schools.
The site has existing, detailed consent for development and Dandara aims to begin initial construction works this month, with the first properties available on the open market before the end of this year.
Managing director of Dandara (Scotland), Gavin Wyley, said: “This reaffirms our commitment to the north-east. We have been encouraged by recent improvements being seen in the property market and wider economy, which continues to show signs of recovery.
“With our Stoneywood development in its final phase, we see this as a location to continue to deliver high quality homes which meet the level of demand for new-build which has remained strong.
“At Grandhome, we are working alongside the Trust to create a transformational community which delivers on the Scottish Government’s commitment to supporting the development of sustainable new communities in urban settings.”
Peter Best, sales director at Dandara, said: “Securing a portion of the site at Grandhome, which is superbly located and plays a key role in the development of sustainable new communities in Scotland, has already led to new inquiries.”
Bruce Smith, trustee for the Grandhome Trust, added: “We’re very pleased to welcome Dandara to Grandhome as one of the community’s first homebuilders. They were quick to embrace our vision and their high standards and reputation for quality make them a great housebuilding partner for delivering this exemplary new community.”
In addition to its work in north-east Scotland, Dandara has also expanded into Edinburgh and the Lothians, with its first properties in the region – at North Berwick – now available. Further development sites are also being appraised with a view to being taken forward in 2019.