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Wednesday, September 26, 2023

Manorlane secures deal with Elphinstone Land

Scottish housebuilder Manorlane has secured two prestigious new development sites at Greenlaw, Newton Mearns, in a multi-million pound deal with Elphinstone Land.

The sites are part of a 119-acre initiative in East Renfrewshire which is being redeveloped by the Greenlaw Consortium, comprising Elphinstone Land and a group of housebuilders including Manorlane. The Consortium has been granted planning consent for a major new housing and business development with the potential to support around 3000 jobs.

Manorlane plans to build a selection of high specification four, five and six-bedroom executive homes on the site located in the prestigious area of Newton Mearns, seven miles southwest of Glasgow city centre and immediately to the east of junction 4 of the M77.

Covering a combined area of over 30 acres, the sites are set to deliver Manorlane around 90m over the next five years and have added a further 170 units to its landbank which has tripled to 1,600 units in the past 12 months. The deals come hot on the heels of Manorlane's recent acquisition of the former Clydesdale steel works in Bellshill, North Lanarkshire, which will be transformed into a new residential community, delivering the company around 100m.

Elliot Robertson, Chief Executive, Manorlane, said: "Manorlane is building an exceptional reputation for delivering high quality homes and creating outstanding communities, and we believe our new development in Newton Mearns will further enhance this desirable location.

"These land deals, coupled with the acquisition of the former Clydesdale steel works in Bellshill, have positioned us closer to our goal of providing distinctive, high quality homes across central Scotland and will be of significant benefit in helping to further raise the profile of Manorlane as a prestige brand."

Ken Ross, Chief Executive and Chairman of Elphinstone, said: "The multi-million pound investment of infrastructure works is creating real momentum and this deal moves us closer to providing much-needed homes with supporting community facilities ? a real benefit for East Renfrewshire.

"Greenlaw will also be an attractive business location. We believe its proximity to Glasgow's city centre and good road and rail connections will generate a lot of interest and thousands of new, local jobs."

The mixed-use development will include 410,000 sq ft of office space, private and social housing, neighbourhood shops and a hotel, as well as community facilities such as a GP surgery and primary school.

Infrastructure works costing 21 million to include new roads and sewers, roundabouts and road improvements commenced in July 2007 and are scheduled to last 68 weeks.

Manorlane submitted a detailed planning application to East Renfrewshire Council in July 2007 and, subject to planning, anticipates starting on site in June 2008.