Glenisla Developments Limited (GDL) is a Scottish property development company established in 2016. The Directors are Malcolm Officer who spent 20+ years in property corporate banking, responsible for funding and development, and George Fairley who has 30+ years track record in house-building.
GDL acquired a 140 acre site in 2016 adjacent to the town of Alyth, near Blairgowrie, Perthshire with a view to constructing a large property development comprising 60 bed care home, 200+ residential units and 9 commercial units. The development has been named “Pitcrocknie Village” and is classed as a major development in the area. Construction of the first phase of care home, 20 residential units and 3 commercial units commenced in May 2019, with completion targeted for end of 2020.
In early 2018, GDL entered into Partnership with Adrian Johnson of Equus Projects & Technologies Limited. Equus P&T has signed a construction contract with GDL to complete the development and has assembled a highly experienced design and build team to progress each phase of Pitcrocknie Village over a number of years. Full development funding has been secured through London investors with all parties involved in the development vetted and approved. GDL is registered with the Scottish Governments “Help to Buy” scheme and will be NHBC registered for the development
Malcolm has 30+ years experience in residential and commercial property funding. He has wide knowledge of structuring property developments, assessing total costs, funding levels, repayment strategies and profit forecasts. Malcolm was employed from 1981 to 2005 by UK Banks including RBS, HBOS, Clydesdale Bank and HSBC, with 15+ years at Director level in corporate banking.
Malcolm is involved in all non-construction parts of the business including development funding, care home partnership/management, sales & marketing, development strategy and general business management
George has enjoyed a long history in house-building spanning 30+ years. Pre-recession he ran a large house-building company (Fairley Homes) employing 25 staff and completing numerous large residential properties. Upon acquisition of the Pitcrocknie land and buildings, George became the Development and Construction Director of GDL joining the professional team assembled to drive the project forward and provide valuable construction expertise. George has a long track record in mainstream residential development, having successfully built and sold houses in the Scottish Central Belt. He will work closely with Equus P&T in all aspects of construction moving forward