Quantuma appointed as administrators for Titan Homes (Partick) Limited
Ian Wright and Scott Milne of business advisory firm Quantuma have been appointed as joint administrators to Glasgow-based property developers Titan Homes (Partick) Limited.
Following a period of financial difficulties the company, which was founded in 2015, entered administration on 9th July 2021, allowing the secured lender to take control of the site.
The residential development ‘Fairfields’ at Meadow Road in Partick has plans to construct 45 two and three-bedroom apartments over seven floors, with lower ground parking space for up to 51 cars. The site extends 0.3 acres, with the floor area under construction sitting at 35,177 sq ft.
Appointed administrator Quantuma is actively seeking a sale to a developer to take the project forward.
Ian Wright, managing director at Quantuma and joint administrator on the case, said: “Titan Homes (Partick) Limited has entered administration following a prolonged period of financial difficulties. There is an opportunity here for a property developer to take on the fully approved Fairfields site in Glasgow. Interested parties should contact DM Hall’s Glasgow office”