PLANS have been unveiled for a 338-home development on the waterfront at Leith in Edinburgh, comprising four, 10 to 14-storey buildings.
The development, described as one of the largest build-to-rent schemes in Scotland, marks the entrance of Australian financial giant Macquarie Asset Management into the Scottish market.
The site at Leith is the first in Scotland to be acquired by Goodstone Living, the build-to-rent platform set up by Macquarie Asset Management with UK real estate industry veterans Darryl Flay and Martin Bellinger.
Macquarie said the scheme would “sit directly on Albert Docks with unparalleled and uninterrupted views over the Firth of Forth to the north and Edinburgh’s historic city centre to the south”.
It added that the project would be boosted by the city’s tramline extension to Ocean Terminal – scheduled for completion in 2023.
The site already has a planning consent and Goodstone plans to commence construction this summer, Macquarie noted.
Martin Bellinger, principal at Goodstone Living, declared: “With Edinburgh’s world-class financial district and university nearby, a vibrant restaurant scene, start-up community and an edgy mix of arts and culture, Leith is recognised not only as one of Britain’s most attractive rental neighbourhoods but one of the world’s.
“Edinburgh is one of our core markets because of its young, highly educated and growing population, pointing to a deep pool of future talent which is currently undersupplied with quality housing. Our strategy will continue to identify opportunities such as this where an undersupply of quality housing matches with key criteria for growth and further regeneration.”
He added: “As with our plans for Digbeth in Birmingham, our residential placemaking strategy is to offer a better quality of living while building healthy homes that are accessible to local residents. We will do this by using smarter design and creating facilities that respond to the way people live, work, play and relax in a post-pandemic world.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here