Gail MathesonJohn McHardy Chief ExecutiveHousing Development Manager

o Not for profit development company o Established in 2005 to create more housing o Owned by 5 RSLs, 1 trust and The Highland Council o Initially involved with land assembly and landbanking as well as self build plots o Moved into development and from then into Mid Market Rent (National Housing Trust)

o Main areas of land owned by willing sellers o Demand was there o Utilities could be sorted o Willing developer o BUT……. o Ransom strip across the site entrance – owned as common area under a deed of conditions o Impossible to purchase the land owned by multiple persons o Development could not proceed

o Good location with excellent transport links o Listed as an area for development by THC o A group of landowners willing to sell/ develop o Demand for housing and finance available o BUT……… o Landowners had different agendas and timing issues (tax etc) o Not everyone within each landholding had the same agenda o Complicated ransom strips and landowners wary that others would benefit more – rather than acting as a collective going forward

o Multiple Owners o Topography meant that across the masterplan site, developable area varied o Owners had different aspirations and expectations o Inability for an entity to purchase all the land due to finance o Financial crash

o Local authority proactivity o New funding models (Innovation & Investment Fund) o Organisation that was able to deal with private and public sector for land assembly o Acceptance that no development would happen if it was an all or nothing scenario