LAR continues Aberdeen expansion with seventh completion

LAR chief executive Ann Leslie

LAR Housing Trust is set to complete another development in Aberdeen, its seventh in the area.

The housing charity, which aims to provide mid-market rental homes across Scotland, identified the north east as one of the areas most in need of its services when it launched three years ago.

This latest development at Balgownie, Bridge of Don brings the total number of LAR homes in the area to 142.

Chief executive Ann Leslie said: “I am delighted once again to be working with major housebuilders in the Aberdeen area and we now have more sites in the north east than anywhere else. The development at Balgownie will be ready by the end of November and we are actively looking for tenants. These are high quality homes at mid market rents and are sure to be extremely popular.”

LAR has taken nine properties at the development consisting of six two bed and three one bed flats. This latest development follows on from recent deals at Ocean Apartments in Park Road and Shaw Road in the city’s west end.

Mrs Leslie added: “We are still looking for more quality homes in Aberdeen and would be interested in speaking to developers and construction companies who might have suitable properties for us.”

LAR launched in October 2015 with a £55 million loan from the Scottish Government. It has since leveraged a further £65m of private finance as it aims to provide 1,000 homes across Scotland at mid market rents.

In total LAR now has 24 sites either completed or under construction across Scotland providing over 600 homes.

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