Caledonia Housing Association marks £43 million investment programme
Caledonia Housing Association marks £43 million investment programme

Caledonia Housing Association, one of Scotland’s largest registered social landlords, is pressing ahead with a major programme of housing investment that will deliver over 180 new, affordable, mixed-tenure homes across the country over the next 18 months.

The programme will boost Scotland’s supply of high-quality, energy-efficient homes and directly support the objectives of the Housing Emergency Action Plan, which highlights the urgent need for safe, warm and affordable housing as a key step in tackling child poverty.

Projects currently under construction include a £4.9 million development in Whitehill Court, Kirkintilloch, to deliver 22 high-quality, affordable homes. The homes are being built by SIM Building Group and are due for completion in February 2026.

A further 22 new homes are being delivered in Kerrow Drive, Kingussie, Inverness-shire. The £5.3 million project is the first in the area by Caledonia and is being built by Davall Developments. It is due for completion in Autumn 2026.

This will be followed by a £6.5 million project in Easterfield, Inverness. Developed by Springfield Homes, the 28 new affordable homes include a shared equity option and will be completed in December 2026.

In Stanley, near Perth, Caledonia is working with Ogilvie Construction to deliver 22 mixed tenure homes. The £4.9 million project will include five shared equity homes.

In West Dunbartonshire, work has already begun on the transformational regeneration of Bellsmyre, a long-term project that will replace outdated flats with modern, energy-efficient homes designed around the needs of the community. Caledonia will deliver 138 new energy-efficient high quality social rented homes in partnership with CCG (Scotland) Ltd and West Dunbartonshire Council over the next five years. The first phase of the project will deliver 27 new homes this year. 

In Dundee, the near-completion of the 67-home Ballindean development is set to provide safe, warm and affordable homes for local families. Together, these projects underline Caledonia’s determination to deliver sustainable communities across Scotland.

Mairi McAllan and Julie Cosgrove (Left to Right:  Màiri McAllan, Cabinet Secretary for Housing with Julie Cosgrove, CEO at Caledonia, during a recent visit to Bellsmyre)

The on-site projects, which will provide warm, energy-efficient homes for over 400 people, have a combined investment of £21.7 million of Scottish Government grant funding. Cabinet Secretary for Housing, Màiri McAllan, recently visited Bellsmyre in West Dunbartonshire to tour the first new energy-efficient homes being delivered as part of a major regeneration programme which will significantly reduce fuel costs helping to build a greener, more connected community.

Julie Watson (Julie Watson, Head of Investments at Caledonia)

Julie Watson, who was recently appointed as Head of Investment and Sustainability, a new role created in 2024 to further the organisation’s delivery of new build, regeneration plans and investment strategies, said: “This programme represents a step change in the scale and pace of our development activity. By working closely with our design and construction partners, local authorities and the Scottish Government, we are creating sustainable communities and delivering the high-quality, energy-efficient homes that people need.

“Building on the current programme, Caledonia is progressing with additional development plans in Brechin, Dundee and Forfar, as well as future phases of the Bellsmyre Regeneration. These projects will further strengthen Caledonia’s capacity to deliver impactful housing solutions within the communities in which it operates. We remain committed to seeking out new opportunities to bring more high-quality, affordable homes to life across Scotland.”

Anne Culley, Board member at Caledonia Housing Association, said: “Delivering high-quality, affordable homes is central to Caledonia Housing Association’s mission.

“The scale of our current investment programme shows our determination to respond to the housing crisis while ensuring every development is designed to meet the needs of its community.

“As a Board, we are proud to support this ambitious programme and the positive difference it will make for families across Scotland.”

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Issue 333 : Oct 2025