Ambassador Homes, Scotland
Sector
Property
Deal Type
Development funding
Initial Investment
December 2016
Transaction size
£4.56m
Location
Renfrew / Clackmannan
Maven Office
Glasgow
Maven established a development partnership with Ambassador Homes, an experienced Glasgow-based housebuilder, in December 2016 to acquire and develop two residential sites in Renfrew and Clackmannan, Scotland. The developments comprise a total of 129 homes, 94 of which are private houses and 35 are affordable homes.
Maitland Gardens, Renfrew and Millburn Gardens, Clackmannan were acquired in August 2017, with construction of both sites expected to be completed by late 2019. Initial phases at both locations have now finished and tenants have moved into the new-build properties.
The total forecast sale value of the completed developments is expected to be around £21 million.