THE new Govan-Partick bridge opened today with community festivals on both sides of the Clyde to celebrate the completion.
The £29.5million crossing is one of the longest opening pedestrian and cycle bridges in Europe and connects the Riverside Museum at Pointhouse Quay on the north of the river with Water Row in Govan on the south bank, where new flats have been built.
The crossing is built in two spans. The moving part weighs 650 tonnes and is 99 metres long and the fixed span weighs 45 tonnes and is 15 metres long.
It was funded by the Scottish and UK governments as part of the Glasgow City Deal.
Empowering Scotland’s property developers of every size, with funding solutions to help you rise.
Evolve Finance are a Glasgow-based commercial finance brokerage serving the UK, specialising in all types of property finance for Property Developers, Landlords and Investors and offering innovative finance solutions, they welcome complex cases and back their experience to add value to any project.
Here’s just some of their products that may be of interest.
Property development loans in Scotland: For projects from £750,000 to circa £50,000,000, this facility is typically for the purchase and ground up development costs of new build residential projects, large residential refurbishment projects or commercial projects with the loan repayment coming from the sale proceeds or re-financing to a term loan.
Bridging loans in Scotland: This facility is typically used for projects ranging from £50,000 to £3,000,000, covering purchase and development costs of anything from one-bedroom flats to large commercial-to-residential conversions, as well as smaller new build developments like a single detached house or gap site projects of 6–12 flats.
Build to Rent Finance: Build to rent projects are gaining traction, with this facility funding projects from £750,000 to £50,000,000, typically for large-scale refurbishments and new build residential flats. The development finance transitions to a long-term commercial mortgage upon completion.
Developer Exit Finance: Developer exit finance comes into play when a project is nearing completion and awaiting sales or refinancing to complete. It repays the development finance and is typically at a lower interest rate, allowing developers to access profits or raise capital for future projects.