A SCOTTISH family-run property developer has secured seven-figure backing for a housing project next to a golf club.
The news comes as Gallo & Gallo Developments, which specializes in developing luxury residential properties across the Scottish capital, is expanding its reach to include East Lothian.
The firm is run by husband and wife team Riccardo and Mary-Anne Gallo, with Mr Gallo overseeing the construction process, while Mrs Gallo focuses on interior design through her own firm, Mary-Anne Gallo Interiors.
The company has been renovating and developing properties across Edinburgh since 2008, which has helped it achieve an annual turnover of more than £ 3 million.
The family business has now embarked on plans for a new development with five properties next to Baberton Golf Club in Juniper Green.
Gallo & Gallo Developments approached the Bank of Scotland regarding the project and secured a seven-digit development financing package.
The former professional golf shop at Baberton Golf Club will also be transformed, bringing the total number of townhouses to five in addition to four newbuildings.
The new development will feature four “upside down” townhouses, with kitchens and living rooms located on the top floor to take advantage of the views of Edinburgh Castle, while the bedrooms will be located on the lower floors. The former professional golf shop at Baberton Golf Club will also be remodeled, bringing the total number of townhouses to five.
The homes are designed for “families and early retirees” and are expected to be completed in early spring 2022.
Gallo & Gallo Developments also plans to launch its first venture outside Edinburgh with a new multi-unit project in Gullane, which is expected to go live in mid-2022.
Gallo said: “Mary-Anne and I have always had a passion for property development and refurbishment and we have spent more than a decade expanding our footprint here in Edinburgh.
“When we saw the opportunity in Juniper Green, we knew it would be the perfect next venture for us. Although the scale of development meant it would be our biggest challenge to date, it’s a hugely exciting project for us.”
Douglas Spowart of the Bank of Scotland said the development would provide “a range of new properties”.