The sale of a former Clydebank care home to a housing developer who plans to build a new residential development has been approved by councillors.
Frank Downie House on Ottawa Crescent has been sold to Torah Capital for just over £137,000. The company intends to demolish the building to make way for the new homes.
An application to sell the site was previously brought before the infrastructure, regeneration and economic development committee in September, but Labour councillor Martin Rooney moved a motion to seek more information on the company before the sale was completed.
An update was brought back before the committee on Wednesday morning where it was confirmed that Torah Capital is a new company established in May 2021.
Its specific aim is to buy properties in the West of Scotland for the purposes of regenerating areas and providing social and private housing.
Michelle Lynn, assets coordinator, said: “Members of the committee will be aware that this paper was before them on September 15 this year where they asked for more information in relation to the proposed purchaser.
“Further detail has been provided on Torah Capital in the report. I can confirm that Torah Capital has completed purchases this year which are a mixture of commercial and residential in Paisley, Leven and Stirling areas.”
Labour councillor Martin Rooney, who previously moved a motion for more information, was also asked if he was happy with the new facts before him.
He said: “Yes I am. I think we wanted to make sure that due diligence was carried out because there was no financial history but they seem okay so there is no reason not to go ahead with the sale.”
Proposals were then approved unanimously by councillors.
