AAB Helps the Grandhome Trust secure funding of £7.9million to progress development at Bridge of Don
- Tuesday, January 3, 2017
The Grandhome Trust has secured a £7.9millon loan from the Scottish Government to progress the development of their new sustainable community. This loan will fund the initial infrastructure works for the first phase of the Grandhome development - including 600 homes, parks, retail units and community spaces, together forming the settlement’s first neigbourhood.
The development at Grandhome will be a new community with long term potential for 7,000 homes which aims to set new standards for sustainable and enduring development in Scotland.
Bruce Smith, a trustee of the Grandhome Trust, said: “The new community of Grandhome has been more than ten years in the planning and the delivery of the first phase of enabling infrastructure, supported by the Scottish Government’s loan, is an important milestone for us.
The quality of place that we are creating here is shaped by a strong vision and will contribute to the attractiveness of the city as place to live, work and invest."
AAB acted as financial advisors to The Grandhome Trust, working alongside Burness Paull, in negotiations with the Scottish Government.