New flats are a thumbs-up for Paisley plans.

The next phase of a landmark Paisley development is open for business – and is being hailed a show of confidence in the town’s future.

Westpoint Homes have just released prices for their Abbey Place apartments in Gauze Street, the third phase of their popular Cloisters development.

Building work started in the new year and the four-and-five-storey structure – set to house 23 one and two-bedroom apartments – is already taking shape.

And Renfrewshire’s council leader reckons the work shows a vote of confidence in the ongoing regeneration of Paisley town centre.

Councillor Mark Macmillan – who visited the site to see progress for himself – said: “For companies like Westpoint Homes to be building developments of this size in the town centre demonstrates private-sector confidence in Paisley as a place to invest.

“These new flats mean new residents – and by bringing people back into Paisley to live, we anticipate knock-on benefits for the businesses already here.

“This section of the town centre is being transformed, with Abbey Place taking shape at the same as time as work starts on a combined housing and retail development over the road on the former Arnotts site.

“We believe these developments show that the council’s wider vision over how to regenerate the area is winning support.

“The next few years will be an exciting time for the town as we move forward with our plans to attract multi-million pound investment to support heritage-led tourism.

“The view from these new flats out over the Abbey and town hall is already pretty impressive – and if our vision for Paisley becomes reality it will get even better.”

Westpoint Homes have just released their prices for the new flats, which start at £115,000 for the one-bedroom properties.

Grant Lyon, commercial director of Westpoint Homes, added: “We are delighted to announce the release of Abbey Place and pleased to continue our long association with Paisley and be part of the exciting regeneration of the town centre

“Our new show apartment, complete with 2014 specification, is open daily between 11am and 5.30pm. Please contact us on 0141 889 2942 for further details.”

Development on the site of the former Arnotts store is taking place in three phases, and is expected to involve a combination of housing and retail.

Phase one is under way, with 31 new flats in Lawn Street being taken forward by Link Group with Westpoint as the contractors, due for completion in summer 2015.