Springfield Properties gets Scottish council approval for construction of 3,000 homes

WCN Editorial Team 19 Dec 2019 EUROPE BUILDINGS

Stirling Council in Scotland has given its planning consent to Springfield Properties for the construction of the 3,042-home village development at Durieshill.

The Durieshill Village, to be built at a cost of approximately £650m, is located less than a mile south of Stirling, within the commuter belt for Glasgow and Edinburgh and covers an area of 593 acres of land. It could take nearly 20 years for the project to complete.

The project will include a mix of private, affordable and private rented sector (PRS) homes. It will also include community facilities such as schools, library, a 30-unit care facility for the elderly besides commercial units.

Work is expected to begin late autumn next year. The company expects that homeowners will begin moving in during 2022.

Springfield Properties will enter into Section 75 agreement with the council. This agreement will feature certain planning obligations.

Springfield Properties CEO Innes Smith said: “We are delighted to have received approval for Durieshill, which we believe is the largest detailed planning application to have been approved in Scotland. This will be our fourth Village development and this consent is an important milestone in the delivery on our strategy.

“Our Villages are designed to accelerate the provision of the many new homes needed across Scotland as well as provide everything a community needs to flourish. We are proud of the progress that we have achieved with our Village developments and we will now work diligently to ensure everything is in place to commence work on site at Durieshill by late autumn 2020.”

In September, Springfield Properties signed a collaboration agreement with Sigma Capital Group‘s subsidiary to offer private rented homes in Scotland.

As per the agreement, Springfield and Sigma plan to acquire and develop sites in Scotland for PRS. Several sites of Springfield, primarily its village developments in Dundee, Edinburgh, Perth and Stirling as well as its development in Inverness were identified as potential sites for the PRS development.

Sigma will purchase part of the sites from Springfield and will award the company a fixed-cost design and build contract for construction of houses on the acquired land. After Springfield hands over the completed homes, Sigma will let out the homes under its ‘Simple Life’ brand.

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Image:Springfield wins approval to build over 3,000 homes in Stirling, Scotland. Photo: Courtesy of Paul Brennan/Pixabay

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