The curse of Craighouse strikes again: Another company collapses

Land Engineering Limited, a company working on the Craighouse development, has gone into adminstration, according to the Broughton Spurtle. More from the BBC here. There were 139 jobs lost, but the Craighouse project contract is said to have been acquired by idverde. Craighouse was bought by Mountgrange Real Estate Opportunity Fund, after Mountgrange Capital had gone into adminstration. Mountgrange UK Ltd was put into liquidation in October 2014. The site is now owned by Clearbell.

The new build properties are being advertised already by Rettie. Do the prices Rettie are quoting today match the prices used to justify the application? Not by our calculations.

Thank you to all those who sent us links to this new information.

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This entry was posted in Clearbell, Finance, Mountgrange. Bookmark the permalink.

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