New Structure in Place to Progress “a Transformational Development for West Edinburgh.”
Drum Property Group has announced that it has taken an equity and management position in New Ingliston Limited, the development company led by Sir Bill Gammell.
New Ingliston Ltd currently owns more than 200 acres of prime development land to the west of Edinburgh, adjacent to Edinburgh Airport. Drum will now take on the management of both the company and future development activity on behalf of the Board.
The 205-acre site - formerly marketed as ‘Edinburgh 205’ and part of the planned International Business Gateway - is widely regarded as one of the most strategically important economic development areas in Scotland, presenting the opportunity to open up the west of the Capital.
As part of the company reorganisation, a new Board has been appointed with Sir Bill Gammell serving as Chairman. Previous Board members Patrick Gammell, Sir Brian Ivory and Alistair Salvesen have been joined by new appointees Graeme Bone, Group Managing Director of Drum Property Group, and property industry veterans Alan Robertson and Eric Young.
This follows the recent retirement of Roddie Paterson after 26 years as Managing Director of New Ingliston Ltd.