Tedeschi takes charge of new Veitchi luxury unit

ONE of Scotland's longest- established property contracting companies is moving into luxury homes, with the creation of a new housebuilding division led by former senior Cala Homes director Raymond Tedeschi.

The Veitchi Group, set up in Glasgow in 1917, has established Veitchi Homes in Aberdeen, and is already marketing its first development. Mill Lane, at Port Elphinstone on the southern periphery of Inverurie, features three homes set in a secluded, one-acre site, with the first property expected to be completed by 31 January.

Tedeschi, the new firm's managing director, said: "We are really excited to be announcing our arrival. We are close to securing additional development sites."

The residential property arm of law firm Ledingham Chalmers will act as sole selling agent for Veitchi Homes.