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Newmacher, Aberdeen
Project Type
Redevelopment of Kingseat Hospital, Newmacher, Aberdeen
Date
2003 - 2008
Acquired 75 acre site subject to receipt of planning permission. Master planned a new community centred around the redevelopment of the former NHS Grampian Hospital to create in excess of 350 new homes, comprising of refurbished apartments and new build detached units, together with a business park and care home. Extensive negotiations over developer contributions under a Section 75 agreement were successfully completed to ensure economic viability. Prior to development many of the existing buildings appeared on the Buildings at Risk Register. Entered into detailed negotiations with other house builders to sell on parts of the site as serviced lots. Now a successful and vibrant new community.
Location: Aberdeenshire, Scotland
Date: 2003 – 2004 (on-going at time of sale of business)
Gross Development Value: Projected to be in excess of £50 million
Gross Profit Margin: Projected to be 28%
Description Master planning of new settlement of 352 homes, nursing home and business space in grounds of former hospital
Special Features Extensive off site planning gain items included road and public transport improvements, sensitive refurbishment of listed buildings to create residential apartments.
