Glasgow-based Carmichael Homes has secured £11.6m of funding from Downing Property Finance for two major projects, at Jackton in South Lanarkshire and Rosslynlee in Midlothian.
Downing noted that The Fieldings, at Jackton, is a development of 19 modern townhouses “engineered for sustainability without compromising luxury”.
It added that the partnership with Carmichael for Rosslynlee will “deliver 26 unique four-bedroom, energy-efficient homes, each designed with sustainability at its core”, and would “enhance housing diversity on brownfield land”.
READ MORE: Ian McConnell: The sad, sad tale of a Scottish bank
Scott Carmichael, managing director of Carmichael Homes, said: “Our collaboration with Downing Property Finance has been instrumental in bringing our vision to life. Their tailored, sustainability-linked loan has enabled us to pursue this project with greater financial agility and underscores our shared values in championing sustainability in the housing sector.”
John Pollington, investment director at Downing Property Finance, said: “The expertise and dedication Carmichael Homes has brought to these projects are exemplary. Both developments are a testament to their commitment to providing diverse and sustainable family housing within the stunning Scottish landscape.
“Carmichael's skilled team's efficient advancement of these projects has cemented our strong partnership. Their remarkable sustainability credentials resonate strongly with Downing's sustainability-linked loan scheme, playing a pivotal role in the fruition of these developments."
READ MORE: Ian McConnell: Did business just deliver a big surprise for John Swinney?
Carmichael Homes' industry presence goes back more than 30 years, Downing noted.
The lender added: “Downing Property Finance’s loan product is designed to align with the borrower's environmental aspirations. Borrowers are incentivised to implement more sustainable features which promote attributes such as water management, carbon reduction, and biodiversity enhancement. Developments meeting the criteria qualify for an interest rebate of up to 1%.”
READ MORE: Ian McConnell: Bizarre Brexit view of a true believer
Downing said of the Jackton project: “These homes are remarkable for their green construction and boast state-of-the-art, energy-efficient features, proximity to local amenities, and access to open green spaces.”
It said of the Rosslynlee houses: “These homes will offer residents unparalleled views of the surrounding countryside, seamlessly integrating modern living with the tranquillity of nature.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here