Housebuilder Stewart Milne Group has secured a £225m loan from Bank of Scotland in order to develop 5,000 new homes in Scotland and the North West of England in the next five years.
Mark Prentice, area director for Bank of Scotland, said: “We know that the property sector has seen a turbulent few years. However, it seems that Scotland’s housebuilding sector is now responding to positive signs in the housing market and a notable shift in optimism for growth. There is also a strong and ever increasing demand for quality and affordable housing across the country and with Stewart Milne Group’s base in NW England, it is well positioned to deliver that growth.”
sophia.furber@estatesgazette.com
