Commercial Property News

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Tuesday, July 10, 2023

Mactaggart & Mickel conclude 11m Carrongrove Mill Deal

Mactaggart & Mickel, the family-owned housebuilder, has completed an 11m purchase of the former Carrongrove paper mill in Denny near Falkirk.

The 38-acre site was bought from paper manufacturing company Inveresk plc. It includes a category B listed building - the former manager's house.

Jim Kirkwood, senior land and planning manager at Mactaggart & Mickel, said: "Mactaggart & Mickel is looking forward to working with Inveresk plc and the local authority for the future regeneration of this important site.

"This historic and attractive location offers Mactaggart & Mickel the opportunity to regenerate a substantial mixed-use area to the advantage of the local community. We are proud to be part of the local development plan for Denny and the surrounding areas, given our long history in delivering high standards of quality, hand-crafted housing.

"Denny has a proud industrial tradition and is now perfectly located with strong links to Scotland's major cities. The Denny and District Local plan is committed to the revitalisation and the development of brownfield sites such as Carrongrove Mill."

Mactaggart & Mickel has been hand-crafting homes for generations and is one of Scotland's most successful independent housebuilders employing more than 280 people. It completed 170 homes in 2005-06 and 250 homes in 2006-07 an increase of more than 45 per cent which exceeded the sales target for the year. The company aims to reach 500 homes by 2010.