Celeros FT's intention, announced in August, was to grow and invest in its Cathcart operation by offering six acres of redundant land and buildings to the residential market, retaining 12 acres of operational land and buildings.
Demoliton of the redundant buildings on Inverlair Avenue is now underway and Celeros and Cala will submit a Proposal of Application Notice to Glasgow City Council for a change to residential use. A formal planning application for around 300 new apartments is expected to be submitted early next year, following a period of extensive community consultation. If the planning application is successful, Cala will complete the purchase of the site from Celeros FT, with the intention to start building by Winter 2023.
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Chris McVicker, Chief Financial Officer for Celeros FT, said: "Our vision for the site will enhance the local area by providing much needed family housing in Glasgow whilst enabling us to focus on continuing the legacy and heritage of over 135 years of design and manufacturing of pump equipment in Cathcart.
"Selling the surplus land helps provide a stable and sustainable future for Cathcart that unlocks new opportunities for the business and the local economy, securing ourcommitment to the area for the next 25 years and beyond.
"Cala is a highly respected housebuilder with a fantastic reputation for creating quality homes. We're very pleased to be partnering with the business for this important project for the future of our company and the Cathcart community."
Moray Stewart, Land Director from Cala Homes, added: "We're excited to be appointed by Celeros to create a residential development next to its Cathcart facility. The proposed development would bring the unused area, which is surplus to Celeros' requirements, into positive use by providing around 300 new apartments in a highly accessible, sustainable location which benefits from close proximity to amenities, services and an abundance of public transport routes. There is strong demand for homes in Glasgow, particularly in the southside, so we're confident that they will be well received."
Streets-UK is organising a series of community consultation events over the coming months on behalf of Celeros FT and Cala so the two companies can explain their vision and plans for the site, Cala can introduce itself to the community and the community can raise any points or questions regarding the proposed development.
American-headquartered Celeros FT manufactures and maintains pumps, valves, filtration, closures and other fluid handling equipment for customers operating in the renewable, defence, nuclear, oil and gas and water treatment sectors. It purchased the Cathcart site from SPX FLOW in 2020, bringing ClydeUnion Pumps under its umbrella of brands.
