Infinitas Investments are currently putting the finishing touches on their latest development project, Chance Inn in Inverkeilor, Angus. The Chance Inn project will see the former bar and restaurant re-developed into 1 and 2 bedroom apartments.
This development has been supported and part-financed by Scottish Government, making it the second government funded project under the Empty Homes Fund, with the first being our St. Stephens development in Blairgowrie.
Infinitas are always looking for future projects and property portfolios to acquire.
See details of some of the recently completed development projects, financed by Infinitas Investments and partners below:
St. Stephen’s RC Primary School Development Project, Blairgowrie:
When Carling Property Group embarked on a project to transform an old primary school in Blairgowrie into private apartments, little did it know it would be making history.
The affordable housing project converted the former St. Stephen’s RC Primary School into seven one-bedroom and a studio apartment. The project qualified for a substantial six figure sum from the Scottish Government’s Rural and Islands Housing Fund, the only private property developer to qualify for RIHF money.
Carling Property Group also worked with the Scottish Empty Homes Partnership, with SEHP providing support with grant and property applications.
Burrelton Gardens & Sibbald Street Development Project, Dundee:
The acquisition of a portfolio of 10 empty homes including Burrelton Garden & Sibbald Street properties follows hot on the heels of a £3.1m deal to purchase another 45 properties in Dundee earlier this summer, taking their property portfolio to over 200.
There are many problems faced by people in Scotland looking to access affordable housing and this group of properties have been empty for up to 3.5 years, exacerbating the problems experienced in this sector even further. After a £280,000 programme of essential repairs, the 10 properties were repaired, upgraded and ready for occupancy within 8 months.
Brothock Bridge “Bank of Scotland” Development Project, Arbroath:
The Brothock Bridge development will see the creation of seven luxury apartments that will occupy a historic B listed building in Arbroath.
The Bank of Scotland building on Brothock Bridge dates back to the 19th century. In converting the upper two floors from offices into flats, Carling Property Group has retained all of the original features, as well as added upscale insulation, noise protection and heating systems. Bank of Scotland will continue to occupy the ground floor.