- Loreburn announce moratorium on new-builds
- But promise Langholm project is still a priority
In the E&L’s pursuit for proper answers to the questions posed about delays with Loreburn Housing Association’s Murtholm project, the following update has been received from the company.
“Loreburn are dedicated to delivering transformative projects that positively impact the communities we serve.“
“The Murtholm project holds immense potential to be a valuable addition to Langholm, and we remain steadfast in our commitment to delivering a project on the site.
“However, we must inform all stakeholders that the site enabling works which have been temporarily paused will remain so for the foreseeable future due to challenges in the negotiation process with key stakeholders. This is very disappointing, as many will be aware, Loreburn had planned to deliver the enabling works contract this year paving the way for development of future phases of housing on the site.
“We are unable to proceed at this time without the appropriate agreements in place and cannot continue to incur substantial costs to keep works on hold indefinitely. The challenge of delivering houses on this site has been further compounded by an increase in the cost of private finance, resulting from recent interest rate hikes, which has exerted additional pressure on the project and Association. As a result, the subsequent phases of construction, which would see new Extra Care and General Needs housing delivered on the site, will also be delayed.”
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