Friday, March 29, 2024
BusinessAberdeen property development already attracting buyers according to firm

Aberdeen property development already attracting buyers according to firm

A PROPERTY developer has launched its first new development of private homes in Aberdeen for five years.

Leathen Green in Portlethen will comprise of 55 new homes, with sales already beginning to take place.

Stewart Milne Homes have invested £15m into the new homes as well as reporting a strong sales performance since emerging from lockdown.

The new Stewart Milne development (CGI) - Business News Scotland
.Despite work only beginning on site, eight sales have already been taken according to Stewart Milne

Leathan Green, which sits on the edge of Portlethen close to the Aberdeen Western Peripheral Route, will comprise 44 three and four-bedroom detached family homes with 11 affordable homes and apartments.

An adventure play park and new cycle paths will form part of the new neighbourhood.

Group chief executive, Stuart MacGregor, said: “We’ve seen a surge in sales activity in the last four months and have a very strong forward sales position going into 2021.

“Although the Aberdeen market has been more challenging in recent years, our sales are significantly ahead of the same period last year.

“There continues to be a strong demand for quality homes in desirable locations and we are seeing a particularly high demand  in locations such as Alford and Stonehaven, where a strong sense of community and the ability to enjoy more space and access to countryside have become a higher priority than commuting distance for buyers.”

Mr MacGregor welcomed the return in demand in the Aberdeenshire market evidenced by recent sales across the region.

He said: “The market is not without its challenges but we’ve been responding to these by spending the last nine months refining and developing our design standards and products to ensure that our award-winning developments are even more appealing to customers.

“Leathan Green is our first major development of family homes close to the city since we completed our Westhill development.

“It’s great to see high demand at such an early stage.

“Portlethen has always been attractive to home buyers with its combination of established education, retail and leisure facilities and great access to both city and countryside.

“We know Portlethen better than any other housebuilder having previously developed over 600 homes in the town.”

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