Investment partnership to deliver 1000-home north Glasgow redevelopment

Glasgow City Council has authorised the creation of a limited liability partnership between itself, Scottish National Investment Bank (SNIB) and Aviva Capital Partners (ACP) to build 1,000 new homes in North Glasgow.

A new neighbourhood will be delivered on a 30ha brownfield site located between Saracen St and Keppochhill Road, aiming to revitalise the Possilpark area as a local town centre through increased population and improved infrastructure.

Of the new homes, 30% will be for affordable tenures, supported by the council’s affordable housing supply programme. West of Scotland Housing Association is in discussions to acquire these units on completion.

Since the council first approved negotiations with SNIB and ACP in October 2025, regeneration specialist Place Capital Group has reviewed the original 2019 Cowlairs masterplan and produced and updated framework supporting 1,000 homes over three phases, an increase from the initial 600.

Meanwhile, a £34m viability gap has been identified, with SNIB seeking grant support from the Scottish government. Derelict for three decades, the council described Cowlairs as a “complex and challenging site” that includes historic mine workings, a disused mineshaft and significant infrastructure requirements.

It added that the investment partnership is the first of its kind for housing-led regeneration in Scotland.

“While it may seem like dry accounting fact, the creation of this investment partnership with SNIB and Aviva opens up a whole new world of possibilities for housing-led regeneration in our city, and we are already in discussions with other similar patient capital funders around other large brownfield sites across Glasgow,” said council leader Susan Aitken.

Cowlairs is one of five major regeneration zones across north Glasgow, alongside Sighthill, Dundashill, Hamiltonhill, and Possilpark, which together are expected to deliver more than 5,500 new homes along the Forth and Clyde canal.