Fusion Assets doesn’t just concentrate on industrial parks and commercial
properties in North Lanarkshire. In keeping with our goals to aid regeneration
throughout the region, we look at all suitable opportunities to improve the
physical and economic environment. This is fundamental to Fusion Assets’
goals, goals we continually measure:
“We will focus on commercial development projects that tackle areas of
market failure and can operate across any sector: commercial, residential,
retail and mixed use.
We will help to create sustainable regeneration and long-term economic
benefits through our focussed development activity across North Lanarkshire.
Measuring our success:
The number of housing units developed (by type – private, social,
affordable)”
Our focus is on private sector partnerships, identifying opportunities and
bringing them to a point at which contracts can be agreed to complete final
development.
A good example of the breadth of our interest can be found in Bellshill where
we were involved in our first residential scheme. This was a derelict property
when acquired and with the assistance of the Scottish Government’s Vacant
and Derelict Land Fund we were able to purchase the site and contract the
necessary groundworks. The Bellshill development forms part of an innovative
regeneration initiative that aims to establish a revolving investment fund
tackling the widespread problem of disused buildings and sites within town
centres.
Planning permission was originally granted for a development of twelve flats
over four storeys; this is now projected to be sixteen two-bedroomed flats over
four storeys.
Discussions were undertaken with local housing associations to establish who
was best placed to take the development forward. While these were ongoing,
the newly acquired property was demolished and the site cleared. These
enabling works also included the provision of a new access road to the plot.
Ultimately, the site was sold to the Clyde Valley Housing Association, based in
Motherwell, in December 2018 to complete the development work.
While we concentrate on industrial parks and commercial properties in North
Lanarkshire, our remit is as wide as our vision.
