AS Homes, the Scottish based house-builder, has paid £10m for a 50-acre site near Glasgow airport.

The brown-field site was sold by Abbotsinch, a part of Wotherspoon Holdings, and has planning permission for a hotel.

It is thought AS Homes plans a mixed use scheme with commercial and residential elements which it would have to apply for plannign for.

The site lies off junction 29 of the M8 close to Glasgow Airport and will also benefit from plans for the first rail-link between the airport and the city.

Jones Lang LaSalle and DTZ acted for Abbotsinch while AS Holdings was unrepresented.