Advance Construction, the groundworks and plant business, has formed a joint venture to develop a £250m mixed-use project in Fife.
The Lanarkshire company has teamed up with transport and property entrepreneurs Sandy and James Easdale to develop the site of the former Tullis Russell paper factory. Plans include up to 850 homes, a care facility, retirement village and commercial and retail space.
Sandy Easdale said: “We forecast that the development will cost in the region of £250m, creating 300 jobs during construction and 800 permanent jobs once complete. Our project team, led by experts at Advance Construction, will be undertaking groundworks and civil engineering work on the site but we will be working in conjunction with leading house builders to create high-quality residential units.
“We have already had five house builders from across the UK expressing serious interest in the site and we expect this number to increase over the next few months.”
Seamus Shields, owner of Advance Construction, added: “We remain committed to working with local residents and businesses as the construction gets underway and we start to deliver the concept that promises to rejuvenate this landmark site.”
The Glenrothes project is one of a number of joint ventures by the partners, with similar plans unveiled this month for the former IBM site near Greenock.
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©Scottish Plant. Article posted 28/10/2019