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Thursday, June 22, 2023

Bell & Scott Acts for Ecosse Regeneration on Heartlands Development

Commercial property law firm Bell & Scott has acted on behalf of Ecosse Regeneration Ltd in the negotiation of a contract for the sale of residential land to Crest Nicholson plc with a gross development value for the first phase of 2,000 houses of approximately 300m. The land is part of one of the largest regeneration projects currently being undertaken in Europe - the Heartlands development in West Lothian.

Bell & Scott has been involved with this development from its inception, acting in the acquisition of the former Polkemmet deep mine colliery site from British Coal, and most recently concluding the negotiation of the planning agreements which saw the issue by West Lothian Council of the outline planning consent for the Heartlands development.

The project sees Crest Nicholson plc. take its first step into the Scottish market by securing the land, which has consent for 2,000 houses, with the possibility of consent for a further 3,000 to be developed over the next 15 years. The overall development will see, in addition to the residential development, the construction of two championship golf courses, a hotel and mixed use commercial development undertaken by Ecosse Regeneration.

Caroline Docherty, Partner and Head of Bell & Scott's Acquisition and Development team, headed up the team that represented Ecosse Regeneration. She comments: "We are very proud to have been involved in the very early stages of what will be a huge talking point in Scotland for years to come."

Heartlands is located close to the M8 between Edinburgh and Glasgow. The development is expected to be in full production for the 2007/08 financial year with an overall 15 year development programme.