RoundShield and Ambassador Group have secured a £21 mln (€25 mln) funding line from OakNorth to facilitate the construction of over 70 new homes at the historic Bangour Village estate site.
The announcement also includes news of a partial land sale to Barratt Homes for the development of 179 private residences, following the completion of initial infrastructure.
The loan from OakNorth will not only support the delivery of the initial 74-home phase of development but also contribute to ongoing infrastructure improvements at the Bangour Village site in West Lothian. The initial phase will deliver 51 energy-efficient new build homes and the first 23 refurbished apartments within existing listed heritage buildings retained on the estate.
The new homes will become part of the larger Bangour Village estate, an ambitious redevelopment nestled in 215 acres (87 ha) of woodland. The project aims to introduce up to 998 energy-efficient homes to a distinctive new village settlement just outside Livingston, benefiting from excellent transport links to Edinburgh and Glasgow.
As part of the initiative and development plans, 13 listed heritage buildings will be retained and refurbished, and 20% of the new-build homes will be designated as affordable housing.
Amenities such as a primary school, nursery, playing fields, and a commercial hub comprising a supermarket, café/restaurant, and other retail facilities are being developed. The village's woodland areas will be mostly preserved.
