Thursday, July 19, 2023
£20 million East Kilbride development set to benefit first-time buyers and shoppers
Ambitious plans to transform a prominent derelict site in East Kilbride through a £20-million mixed retail and housing development have been lodged with South Lanarkshire Council.
Part of the 10.5-acre site in Mavor Avenue has been earmarked by leading international grocery retailer ALDI for a 1,531 sq m (16,500 sq ft) store with free parking for 100 cars.
Site owner Mavor LLP, a joint venture between Glasgow-based developer Elphinstone and Scottish property financing partner Hunter Capital Partners, is proposing to build 180 homes for first-time buyers and key workers.
These will comprise 60 one-bedroom flats, 100 two-bedroom flats and 20 two and three-bedroom terrace houses.
ALDI Property Director David Grant said: "This is an ambitious development that will deliver huge benefits to East Kilbride, providing a first-class retail outlet and much-needed affordable housing all on one site.
"Mixed-use developments are becoming increasingly popular throughout Scotland and we are delighted to be working with Mavor LLP on this major development."
Ken Ross, Chief Executive of Elphinstone, said: "We see a particular need in East Kilbride for affordable homes for first-time buyers and key workers. This site is ideally located and we believe there will be no shortage of potential purchasers.
"This mixed-use development will be good for the local economy; it will create both short and long-term local job opportunities if it gets the go-ahead."
If the plans are approved for the retail development, shoppers in East Kilbride will be able to look forward to experiencing ALDI's unique customer offering.
ALDI has won dozens of awards for its range of products which are carefully selected to ensure they complement what is on offer in local high street stores. The retailer, which is ranked in the top 10 of graduate employers in the UK, is committed to investing in Scotland and aims to become an established household name north of the border.
ALDI currently has 29 stores in Scotland, employing more than 400 people, and aims to open around 10 stores a year in the next 10 to 15 years, which will amount to a £200m investment drive north of the border.
Part of the 10.5-acre site in Mavor Avenue has been earmarked by leading international grocery retailer ALDI for a 1,531 sq m (16,500 sq ft) store with free parking for 100 cars.
Site owner Mavor LLP, a joint venture between Glasgow-based developer Elphinstone and Scottish property financing partner Hunter Capital Partners, is proposing to build 180 homes for first-time buyers and key workers.
These will comprise 60 one-bedroom flats, 100 two-bedroom flats and 20 two and three-bedroom terrace houses.
ALDI Property Director David Grant said: "This is an ambitious development that will deliver huge benefits to East Kilbride, providing a first-class retail outlet and much-needed affordable housing all on one site.
"Mixed-use developments are becoming increasingly popular throughout Scotland and we are delighted to be working with Mavor LLP on this major development."
Ken Ross, Chief Executive of Elphinstone, said: "We see a particular need in East Kilbride for affordable homes for first-time buyers and key workers. This site is ideally located and we believe there will be no shortage of potential purchasers.
"This mixed-use development will be good for the local economy; it will create both short and long-term local job opportunities if it gets the go-ahead."
If the plans are approved for the retail development, shoppers in East Kilbride will be able to look forward to experiencing ALDI's unique customer offering.
ALDI has won dozens of awards for its range of products which are carefully selected to ensure they complement what is on offer in local high street stores. The retailer, which is ranked in the top 10 of graduate employers in the UK, is committed to investing in Scotland and aims to become an established household name north of the border.
ALDI currently has 29 stores in Scotland, employing more than 400 people, and aims to open around 10 stores a year in the next 10 to 15 years, which will amount to a £200m investment drive north of the border.
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