Cala Management Limited has purchased a 5.87 acre site in Cathcart, a popular community in Glasgow’s southside, from Celeros Flow Technology.
The leading housebuilder will now progress the delivery of The Foundry, a unique and sustainable new development featuring 254 much-needed new homes, including a high-quality selection of one-, two–, and three-bedroom apartments and bespoke two—and three-bedroom penthouses.
Celeros FT chose Cala Homes (West) as its residential partner in October 2022 to develop surplus land.
Glasgow City Council granted planning permission in March 2024, and Cala’s acquisition of the site represents an important milestone for Cala, which will reinstate the vacant brownfield site as a landmark residential destination.
The site’s design represents approximately £61 million of investment from the housebuilder.
It reflects best-in-class biodiversity and sustainability standards, with homes powered by ground-source heat pumps and passive electric vehicle charging installed at various locations.
Residents will also benefit from attractive landscaped communal areas, with integrated cycle paths and walkways from the development to the wider local area, which features an abundance of artisan shops, cafes, and restaurants, as well as the scenic Linn Park and Queen’s Park.
Cathcart train station is also less than a five-minute walk from the development, offering frequent services to Glasgow city centre and beyond.
Cala expects to attract significant demand from prospective residents amid ongoing demand for new homes across the city, coupled with The Foundry’s attractive location.
The first homes are expected to be available in spring 2025.
Moray Stewart, Land Director at Cala Homes (West), said: “We are extremely excited about The Foundry which will be truly unique in the area, enhancing biodiversity and creating numerous social economic benefits within the community.
“The acquisition of the site is an important milestone and working with our project partners, we will now get underway with preparatory works immediately.
“The investment made by Cala to develop The Foundry underlines our commitment to enhancing urban communities, creating better housing opportunities for a wide demographic of people as well as facilitating new jobs that will importantly help to grow the local economy.”
An independent economic impact assessment highlighted that the construction phase will create approximately 133 direct jobs and support a further 123 indirect roles.
Approximately £380,000 additional council tax revenue to Glasgow City Council will be generated, while new capital spending from local residents is projected to be £5.7 million.
Through its dedicated Community Pledge, which is designed to support local initiatives and the people who live there, Cala will support various organisations and groups.
This will include delivering its Land to Life educational workshop to primary school pupils and celebrating local businesses through its Showhome of Support initiative.
Cala is a major inward investor in Glasgow and the surrounding area, investing more than £237m in the city in recent years, including landmark developments at Jordanhill Park and Pacific Quay.
It also delivered the successful Mansionhouse development in the city’s southside, on the site of a former local hospital. The high-quality development of 101 flats offers one-, two- and three-bedroom homes and penthouse apartments.
