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CALA Finance backs largest development as CALA announces management re-structuring

August 29 2007

The funding arm of residential and commercial property developer the CALA group, CALA Finance Scotland, is backing the largest development in its 22-year history.

CALA Finance will fund the Visio 20:20 development, by Glasgow’s Westpoint Homes, through to completion. This latest project is expected to generate over £45million in residential sales.

Jim Ross, Managing Director of CALA Finance Scotland, said: “We have been providing support for Scotland’s small and medium sized residential developers for over 22 years and we are delighted to see Westpoint Homes…continue to grow so successfully.”

The news comes as the CALA group has announced a restructuring its Scottish home-building business. Managing Director of CALA homes east Gerry More has been replaced by Kevin Whitaker with More taking the post of CALA homes Scotland Chairman. Meanwhile , CALA homes west MD David Gill is retiring and to be replaced by Alistair White, while Raymond Tedeschi has been made MD for the north.

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