Commercial Property News

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Thursday, April 06, 2024

McCarthy & Stone in 55m Scottish investment plan

Specialist housebuilder McCarthy & Stone plans to invest 55 million in Scotland over the next three years. The Bournemouth-based company said the investment would cover the cost of buying land and the construction of 600 retirement flats.

McCarthy & Stone said it was moving further afield from its traditional Scottish target areas of Edinburgh and Glasgow as demand grew. The company has planning approval for developments in Dalkeith and Dunbar and is also working on projects throughout Scotland to take it's total number to 58 in the country.

The UK's biggest retirement home builder, which was established in 1977, first launched its Scottish operation in 1987 and has since built 3000 apartments north of the Border.