A partly finished Stewart Milne Homes development will be completed after a deal was struck with administrators. Stewart Milne Group went into administration in January, leaving several incomplete projects. One of these sites was Hunter’s Meadow in Auchterarder, Perthshire.
The collapse led workers and subcontractors to down tools . Muir Homes has now made a deal to finish the development with administrators Teneo. Stewart Milne housing deal The deal is for six partially complete homes that will conclude the current phase of development.
Martin Smith, chief executive of Muir Group, said they will be completed to their “usual high standards”. He said: “If these partially constructed homes were left after Stewart Milne went into administration then they could quickly become an eyesore for the local community. “Muir Homes has purchased the remaining homes under construction from the administrator.
“We will work quickly to complete them to a high standard and ensure they become great family homes that are an integral part of the local community.” Stewart Milne administration Teneo, the administrators of Stewart Milne Group, said it would not comment on sales of individual sites. However, a spokesperson confirmed that all eight sites that were part-complete have now been sold.
Another recent sale has been the sale of plots in Haddington to property developer Dundas. The most recent progress report by Teneo reveals that . Bank of Scotland, which held security over the.