14M Development Marks Milestone For Paisley Regeneration - Westpoint Homes
Monday, 22 February 2010
Leading property developer Westpoint Homes has announced plans for the £14m development of a key site in Paisley's town centre as part of the area's regeneration.
Westpoint will transform the former Renfrewshire Council headquarters on Cotton Street, overlooking Paisley Abbey, into 137 new residential apartments and commercial space split across four distinct phases.
Phase one of the development will be delivered by Westpoint in partnership with affordable housing provider Link Group, with funding from RBS, and will see the creation of 30 two-bedroom homes available under the New Supply Shared Equity scheme (NSSE) through Link. The first phase has received £1.59 million of funding from the Scottish Government.
This key project has major support from both Renfrewshire Council and the Scottish Government and will be a big step forward in the Paisley Vision Board's regeneration plans, which herald a promising era for the town.
Plans for the Cotton Street site have been carefully designed by Westpoint, Link Group, Renfrewshire Council and the Scottish Government to ensure that the development is accessible to local residents and businesses, with affordable homes, commercial units and public realm space enriching the area.
Extensive demolition work has already begun on site with construction of phase one scheduled to begin in late spring 2010.
Alex Neil, Housing and Communities Minister, said: "The Scottish Government wants to enrich communities by supporting initiatives that will make a lasting difference and benefit those who live and work there.
"Everyone involved in this housing development is to be congratulated for spearheading the transformation of Paisley. This Government has invested significant funding to help build these homes.
"The development will boost the local economy, increase the supply of affordable homes and make the area more attractive and prosperous."
Graham McNeil of Westpoint Homes, said: "We are very pleased to announce that demolition work has begun on this milestone development in Paisley town centre. This is a key site in the overall plan for the town and the first major step in what will be an exciting transformation.
"We're delighted to be working with Link Group and wish to thank the Scottish Government for their strong commitment to funding this particular phase of the project. We are eager to commence building work now that we have secured planning permission from Renfrewshire Council and we are certain that phase one will appeal to the local community and homebuyers looking to lay down roots in the town's civic heart.
"It really is a fantastic setting and we see it as a landmark project that will be a pivotal point of reference in terms of the town's continuing regeneration."
Craig Sanderson, Chief Executive of Link Group, said: "Link has a long history of providing homes in Paisley. We are confident that, through our exciting partnership with Westpoint Homes, the shared equity element of this new town centre development will help meet local need by offering high quality, affordable properties in a very attractive location."
Derek Mackay, Leader of Renfrewshire Council and Paisley Vision Board Chair, added: "One of the major themes of our regeneration strategy for Paisley is increasing the number of people living in the town centre. I'm absolutely delighted that work is now starting on this big milestone in our regeneration plans. The inclusion of affordable housing in the development mix is particularly welcome. Paisley is genuinely building for the future."
Issued by Beattie Communications (www.beattiegroup.com) on behalf of Westpoint Homes