A YORK-BASED property firm has unveiled a major investment north of the border.

City company Expresso Property Limited has announced that it is creating a portfolio of mixed development property schemes that will transform three significant sites in Glasgow and Perth supporting the creation of more than 1,000 Scottish new jobs and will have an end investment value of £100 million.

The company is actively seeking further UK sites and is funded to purchase schemes ranging from £1 million to £50 million.

The three Scottish projects, at Park Quadrant Residences in Glasgow’s West End, one of the best residential development sites in the West of Scotland; Perth’s new leisure hub, Mill Quarter, and a new mixed-use site at Glasgow’s Pacific Quay.

Expresso Property in conjunction with its development partner is developing Park Quadrant Residences, a 98 apartment luxury development in Glasgow’s West End. Stephen Hampshire, of Expresso Property said: “We have various UK schemes underway, three of which are major Scottish projects.

"We turn each development on its head and look at what design fits the site, rather than a 'one size fits all' approach.

"By replicating this success across key UK cities, our schemes will regenerate vacant, floundering and under-utilised spaces to benefit residential, and business communities for people to enjoy and be proud of. We share information and ideas and our teams are actively looking to invest in sites from Bath and Bristol to Birmingham and the North of the UK.

"To include Nottingham, Sheffield, Manchester,York, Leeds, Dundee and Scotland. With funding now in place we are actively looking to acquire further commercial, office, residential and retail development propositions.

"These may be currently on the market or direct approaches from company principals wishing to explore their thoughts and ideas.”

The launch of Park Quadrant Residences took place last month at Savills, Glasgow. On-site works begin shortly.