Friday, March 29, 2024
Property and ConstructionFinal home sale concludes homebuilder’s £110m Balerno housing project

Final home sale concludes homebuilder’s £110m Balerno housing project

A PROPERTY developer has sold its final property in a popular Scots village, marking the end of a long-running housing project.

Cala Homes (East) has sold its final property in the sought-after village of Balerno, marking the culmination of a £110m investment programme in the Edinburgh suburb.

The completion of the last sale at Ravelrig Heights marks the end of the developer’s seven consecutive years of building and five years selling homes in the village.

Cala launched the first homes for sale at Ravelrig Heights and nearby development, Kingfisher Park in 2017, with both developments comprising 346 homes in total, ranging from apartments and cottage flats to 3, 4 and 5 bedroom homes.   

The final property to be released was the development’s Napier showhome, a design that was bespoke to Ravelrig Heights.

This followed the recent sale of the development’s Waverley showhome, which was the largest built by Cala Homes (East), spanning more than 3,700 sq ft, with five bedrooms and a quarter-acre private garden.

Phillip Hogg, Sales and Marketing Director with Cala Homes (East), said: “Both Kingfisher Park and Ravelrig Heights have proven immensely popular.

“We’ve seen demand both locally and from wider Edinburgh, including families and downsizers who are looking for a quality home in a highly accessible location at the gateway to the Pentlands.”

In addition to more than £2m in section 75 contributions, a series of sizeable investments in the local area have created a lasting legacy for the housing developer.

Most prominently, Cala has been the main sponsor for local rugby club Currie Chieftains since 2011, and played an integral role in support of the Ravelrig Riding for the Disabled Association (RRDA) – gifting the land it is based on and donating £20,000 towards the organisation’s bid to raise funds for an indoor riding arena.

For the last three years, it has been a partner in the Currie and Balerno Community Chest, donating £2,000 twice yearly towards the total, with the money allocated to local causes in the surrounding community.

Positive engagement with the trust saw it purchase football goals for the high school, while enabling much needed new village entrance signs, befitting the setting as the gateway to the Pentlands.

Cala has also been the main sponsor of the Balerno Christmas Light Fund since 2017

Phillip Hogg, added: “Since we began building in Balerno in 2016, we have been committed to leaving a positive lasting impact on the village and its surrounds while providing much needed homes in the area.

“We are proud of the relationship we have built with the local community and would like to thank everyone that has engaged with us over the years, in ways both big and small.” 

A total of 36 much-needed affordable housing properties were delivered early in the build process at Ravelrig Heights via a mixed tenure approach, comprising 12 semi-detached discounted sale homes and 24 mid-market cottage flats which are now owned and managed by Dunedin Canmore.

Cala’s Kingfisher Park development saw 51 affordable housing properties delivered during the build process, once again through a mix tenure approach.

Homes across Kingfisher Park and Ravelrig Heights ranged from one-bedroom apartments to five bedroom detached homes, with the final phase of Ravelrig Heights also including a crescent called ‘The Avenue’.

Related Stories