Under permission granted by Aberdeen City Council, the company will deliver 208 homes at its Maidencraig South site, which is opposite a Dobbies garden centre on the western fringes of the Granite City.
It follows the announcement in April that Bancon hopes to expand outside the North-east of Scotland for the first time, with a new development in Strathaven, South Lanarkshire.
The Maidencraig South development is the latest phase of a larger masterplan and will consist of a mix of housing types – 172 private homes ranging from two to four-bedroom apartments, terraced, semi-detached and detached homes, in addition to 36 affordable homes.
Bancon already has 40 homes under construction on the north side of the Lang Stracht at its Roses at Eden development.
As part of the company’s planning obligations it will contribute some £1 million to the Aberdeen economy, in addition to the provision of affordable housing. This will help to fund community, healthcare and school facilities in the area as well as improve roads and upgrade the core path network.
Bancon Homes managing director Allan Clow said the firm was making a “significant commitment and investment in the local Aberdeen economy whilst providing additional security for our employees and opportunities for our supply chain”.
He added: “We also welcome the temporary changes to the land and buildings transaction tax introduced by the Scottish Government. Whilst we continue to see a good level of buying interest, we hope that this will provide a further boost to homebuyers and give them further confidence to make their next purchase.”
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