Sell My House Quickly in Glasgow
Sell My House Quickly found another interesting article about properties in Glasgow. Moda Living secures funds for £80m Glasgow housing scheme. Funding of £80m has been secured for Moda Living’s development of 433 build-to-rent homes on the site of the former police HQ in Glasgow.
The Holland Park development will be built on Pitt Street at the site of the old Strathclyde Police HQ. Last month, the project had secured the backing of two major investors, US-based Harrison Street and London-based Apache Capital, which have now secured a four-year £80m debt facility from real estate investment manager BentallGreenOak to fund construction works.
The 433-home development is the fifth investment to be brought forward in the Apache Capital and Harrison Street joint venture and will be developed and operated for the long term by Moda Living.
The first phase is due to start on site is due shortly, with practical completion due in late 2023. Demolition works were completed in March last year.
As well as creating new homes, Holland Park will provide 15,000 sq ft of internal amenities, including communal lounges and health and well-being zones. A further 31,000 sq ft of outdoor amenity space will be provided, with the four apartment buildings that form Holland Park to be set around a courtyard open to the wider public during the day.
Residents will also have access to landscaped terraces overlooking the Glasgow skyline, while mixed commercial and leisure space will be provided on the ground floor, including cafes, bars, restaurants and co-working facilities.
We found this article about Glasgow Housing Scheme on The Construction Index. Kindly click the link to read the full story.
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