Dundee City Council’s development management committee granted planning permission to Craigie Estates to develop 100 flats in the old Wallace Craigie Works on Broughty Ferry Road.

Agents for the B-Listed building said that while they were still agreeing the funding with the financiers, they were ready to lodge their building warrant application.

Martin Reid for the agents said: “We’re in the final throes of discussions with the preferred contractor and we’re still having meetings with the city council.

“This will allow us to go forward, maybe over the next few months.

“The building warrant application will be lodged within the next seven to 10 days, it’s ready to go now and the development will be completed in five phases over an 18-month period.”

Mr Reid was part of a delegation which was due to give a presentation to the councillors in favour of the application, however councillors agreed to approve the application without the need for the delegation to speak.

City development director Mike Galloway’s report had recommended approval of the application for the B-listed building.

Designed by The Voigt Partnership Ltd, the proposed development involves the redevelopment of Halley’s Mill, including the demolition of the eastern extension and the creation of two blocks of flats.

A total of 42 two- bedroom, 55 three-bedroom and three four-bedroom flats will now be developed at the site, the interior of which no longer contains any features of architectural or significant historic merit as it has been empty for so long.

However, the conversion of the structure will ensure that the special interest of the building will be restored.

The proposal was approved subject to a total of 11 planning conditions.