Murray Capital backing for North Lanarkshire housing development
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The investment firm owned by Sir David Murray’s family has expressed confidence in the commercial prospects of its longstanding plans for a big housing development on a former open cast mine site in North Lanarkshire.
The New Brannock business is working on plans to develop land for housing next to its Torrance Park golf club near Newhouse. These have been complicated by planning issues for about 20 years.
The business is owned by Murray Capital, which first applied for planning permission for the site in the 1990s.
Only about 50 houses have been built on the site so far, on land which Taylor Wimpey acquired in return for funding infrastructure.
Sir David’s son, David D Murray, noted North Lanarkshire Council’s planning committee recently approved a local development plan, which includes a section of the New Brannock site. The land concerned has potential capacity for 689 housing units.
Mr Murray said: “We are pleased with overall progress to date and remain confident of realising the full profitable potential of New Brannock.”
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