Norfolk based property developers and regeneration specialist, Morston Assets Ltd co-founded by Sir Tom Farmer and Tom Harrison, is pleased to announce the sale of St David’s House, Dalgety Bay, Fife. The 57,984 sq ft of contemporary office and warehouse accommodation is now the property of Gavin Masterton’s pension vehicle, Charlestown Holdings Limited SSAS in a deal struck between Dalgety Bay Enterprise, a Morston Assets joint venture company, early January.
Morston Assets’ Chief Executive, David Dodge, oversaw the deal, “We are very pleased to announce the sale of St David’s House to Charlestown. The building is in a great location, close to the new Asda supermarket and the Dalgety Bay railway station and I’m sure it will prove to be a successful investment for them.”
News of the sale comes as Morston prepare to submit a Planning Application for their Whitecross SIRR development in Falkirk, which has already received a Scottish Sustainable Communities Initiative Award by the Scottish Executive. The regeneration plans focus on delivering an employment led, low carbon, sustainable community which will include 1500 homes, up to 30 hectares of low carbon employment space, an Institute for Enterprise, a new primary school together with leisure and recreation facilities for the village.