Strathedin Properties has been backed by a £5.3m funding package from Bank of Scotland to revamp historic properties in Edinburgh and Glasgow.

In Church Hill, the family-run developer has acquired a historic residence, which it plans to turn into six city-centre homes, while in Glasgow’s Carlton Place, the former Prince & Princess of Wales Hospice is being redeveloped into 99 apartments.

The five-year property and asset loan will support both immediate projects, as well as long-term growth plans. £3.55m of the facility consolidated an existing loan, removing a fixed repayment date and enabling Strathedin to direct resources, along with the remaining funds, into delivering developments.

Founded in 1983 by civil engineer Dr Humayun Reza, he is now joined by his daughter, an architect, and

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