HOUSES and flats are being proposed for a vacant site in Castlemilk.

AS Homes Scotland has applied to build properties at Glenacre Terrace, near Carmunnock Road.

There would be 16 houses, a four-storey block of 12 flats and four cottage flats, all for social rent with Craigdale Housing Association.

The proposals follow development of adjacent land, the site of the distinctive Castlemilk West Church.

A planning statement included with the application explains: “The proposed design reflects the existing context including the previous phase of development completed recently, and will complement the existing residential dwellings in the surrounding locale which comprise both post-war three to four-storey flats and more recent new-build houses and cottage flats.”

“The proposal will create a welcoming and attractive residential area with well-integrated and useable open space and landscaping areas.”

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 development finance products that may be of interest.

Development funding for projects 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.

Scottish bridging finance options: 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 project financing options: Build to Rent projects also known as Build to Let 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.

BMV property funding solutions: Below Market Value Bridging Loans allow you to borrow up to 100% of the purchase price when the property’s purchase price is lower than its open market value, helping you maximise leverage opportunities and make the most of discounted property deals.