West of Scotland expansion for Lar Housing Trust
Lar Housing Trust has expanded its portfolio in the West of Scotland with the acquisition of two new developments.
The charity, which provides high quality mid-market rental homes across the country, has opened its third site in Glasgow. It has purchased a fully let development of 12 three-bed and 12 two-bed flats in the Ruchill area in the north of the city.
And Lar has made its first foray into Ayrshire having concluded a deal to purchase 29 completed homes in Mossgiel Road in Ayr.
Chief executive Ann Leslie said: “I’m delighted to have grown our offering in Glasgow and the site at Ruchill is a great addition to our portfolio. We will continue to look for opportunities in the city and already have proposals for a further 40 homes at Glasgow Green going through planning.
“We’re also determined to expand our footprint around the country and the purchase of our first development in Ayrshire is proof of our ambitions to enter new markets. We also have another small development in the area going through missives.”
Lar now has a total of 39 sites around the country with over 850 homes already in its portfolio.