Property firm to convert another Falkirk High Street premises into flats
The former Burtons menswear shop in Falkirk High Street will still be converted into flats – but another firm will overseeing the project after it was sold by property developer, Bellair.
The REWD (Real Estate Wealth and Development) Group has purchased the building at 86-88 High Street from Bellair to enable it to expand its multi-million pound plans to breathe new life into Falkirk town centre.
Colin Campbell, managing director of Bellair, said: “We received an offer from REWD Group and accepted it.”
Back in January Bellair was given planning permission to transform the former Burtons store, converting it into two small ground floor shops with three flats on the floor above.
That permission now transfers over to REWD Group.
Alex Robertson, who co-founded REWD with Laurie Duncan, said: “We are thrilled to announce we have finalised the purchase of 86-88 High Street, Falkirk – the old Burtons building.
"We would like to thank the sellers, Bellair, for the opportunity to take on this stunning building. Planning for three flats and two commercial units has already been granted on this property, and building warrant approval is expected any day now, with the team at REWD Building Co ready to start works in the next month.
“This latest purchase is another demonstration of REWD Group's commitment to the regeneration of our town centre.”
The Burtons building looks likely to be the first Falkirk town centre project REWD will start construction on.
REWD Group received planning permission to change the upper floors of the massive Poundstretchers premises at 150 High Street into 23 flats and are waiting to see if they get planning approval to create six more flats above 8 Lint Riggs.
The firm now has a number of projects progressing at the same time which they hope will enable them to realise their main aim – increasing footfall in the town centre by repopulating it through new residential properties.
Mr Robertson said: “All-in, with the five projects we are planning to spend somewhere in the region of £5 million on Falkirk High Street, which we believe will make a significant difference to the footfall.
"In addition we will be creating several smaller commercial units, which will be made available to local independent businesses.”
The information in this story came from a public notice published in this newspaper. You can read more public notices in our classified section today.