Single family rental operator Casa by Moda has announced plans to open its first neighbourhood in Scotland.
The £41m neighbourhood, named Casa, Vista Park, will deliver 156 new homes in the east end of Glasgow and is the first time the single-family rental (SFR) model has been offered in the region. The first residents, who do not need deposits, will be on site in the summer.
Casa by Moda bought the neighbourhood from the CCG Group, one of the Scotland’s largest privately-owned construction and manufacturing companies, which has been on-site since early 2022, with the scheme scheduled to complete in 2025.
Casa, Vista Park will offer one- and two-bedroom apartments, with two-, three- and four-bedroom houses for rent, community spaces including a wildlife area and two play parks suitable for families and children.
It will regenerate a 6.5-hectare brownfield site located on Edinburgh Road and is located a near Garrowhill and Shettleston train stations and a 15-minute drive from the centre of Glasgow.
Jonny Caddick, chief executive at Moda Living, said: “With rental prices on the rise, residents want and deserve to be sure that they are getting value for money and long-term security. At Casa by Moda, that’s exactly what we’re committed to delivering.
“Our Casa, Vista Park neighbourhood will deliver quality, sustainable homes in a vibrant and inclusive community, harnessing innovative tech to provide a standout offering with health and wellbeing at its core.”
CCG will complete the development of the new homes. Calum Murray, CCG director, said: “Single family rental, given the necessary support of Government, is a major emerging market for housing and the construction sector in Scotland.
“Through our engagement with the city and the community from the outset, we are aware of how positively this new development is welcomed locally. Casa, Vista Park will be transformational and presents a real opportunity for families in Springboig and further afield to live in quality, efficient and spacious homes in a unique, and highly accessible setting.”
Rettie & Co advised Casa by Moda on the deal alongside DWF. CCG was advised by Savills and Andrew Strathern.
