Following a period of financial difficulties the company, which was founded in 2015, entered administration on 9th July 2021, allowing the secured lender to take control of the site.
The residential development ‘Fairfields’ at Meadow Road in Partick has plans to construct 45 two and three-bedroom apartments over seven floors, with lower ground parking space for up to 51 cars. The site extends 0.3 acres, with the floor area under construction sitting at 35,177 sq ft.
Appointed administrator Quantuma is actively seeking a sale to a developer to take the project forward.
Ian Wright, managing director at Quantuma and joint administrator on the case, said: “Titan Homes (Partick) Limited has entered administration following a prolonged period of financial difficulties. There is an opportunity here for a property developer to take on the fully approved Fairfields site in Glasgow. Interested parties should contact DM Hall’s Glasgow office”.
Notes to Editors
Quantuma is a leading business advisory firm which works with businesses at the key milestones, delivering bespoke solutions to help clients take advantage of opportunities and overcome a range of operational and financial challenges, enabling them to achieve their business objectives and ambitions. The business has 20 offices, including 17 in the UK, two international offices in Cyprus (Nicosia and Paphos) and one in Mauritius.