Saturday, February 24, 2024
Real EstateUK

Property firm unveils development plans

development plans

Real Estate Wealth Development plans to invest £1.5 million in the development

The REWD – Real Estate Wealth Development – Group, run by Laurie Duncan and Alex Robertson, has secured the massive property above Poundstretchers at 150 to 156 High Street and the premises above 18 High Street and 8 Lint Riggs.

Their long term aim is to keep retail on the ground floor and create flats on the first floor in an attempt to help drive up the footfall in the town centre.

Now the duo wants to give people the chance to see their plans in action.

Mr Duncan said: There has been a lot of interest in what we are doing in Falkirk town centre and a lot of people are onboard with the residential conversion idea. We thought people could come and have a look around our development in Lint Riggs – as soon as COVID-19 restrictions allow of course.

We just want to tell people about our hopes for the High Street and we think an open event like this would be a good way to do this. We want to gauge interest in holding an event like this and then we can get a date and set something up, he said.

REWD owns the Cash Converters’ building in High Street and the space above Greggs going round into Lint Riggs – an L-shaped unit they hope to get a minimum four flats out of.

The firm plans to invest £1.5 million in the 2500 square metres development above Poundstretchers – which initially would have seen 16 flats being created, but now, after a planning alteration, they are looking to create 23 flats.

That alteration has further delayed the planning process, but Mr Duncan is hopeful REWD will be given the relevant permission by Falkirk Council before the end of the year.

REWD’s plans to convert the former Indian restaurant in La Porte Precinct, Grangemouth were given the go ahead by the council earlier this year and work has now begun on that project.

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