Easdale Family Purchases £20m Kilmacolm Development Site
Image Courtesy of Inverclyde Now
A development site with planning permission for more than 60 homes in Inverclyde has been acquired by Sandy and James Easdale.
Balrossie, in the village of Kilmacolm, has been purchased by the family for an undisclosed sum.
It currently has consent from Inverclyde Council for 64 residential units with a development value of more than £20m, once construction is completed.
Balrossie was originally built in 1899 by the Sailor’s Orphans Society of Scotland. Spanning approximately 30.6 acres of land, Balrossie has been vacant since 2004 and has fallen into disrepair.
Sandy Easdale said: “Our vision is to create a high-quality residential community that respects the heritage of the site while providing much-needed housing for the area - this is a long-term project that will revitalise the site and create lasting value for the community.
“We take pride in regenerating sites across Scotland and Balrossie is a perfect example of a place that can add real value to Kilmacolm with the right vision.
"The acquisition represents another key milestone in our ongoing investment and growth strategy across Scotland.”
The Easdale brothers' growing portfolio of residential and commercial developments in Scotland includes 850 homes being built on a 130-acre site at the former Tullis Russell paper mill in Glenrothes and the rejuvenation of the 70-acre former IBM site in Greenock, with planning consent in place for 450 homes.
Work is also well underway at the former St Michael’s Primary School site in Dumbarton, with 81 new family homes under construction.
Alan Stewart at Breck Property Consultants acted on behalf of the purchaser, with Balrossie marketed for the vendor by Knight Frank. For further information, please contact Bowman Rebecchi.