BUYERS are being sought for the first phase of a £210 million housing development in Edinburgh, adjoining the city’s BioQuarter sector.
Alba Developments is looking for potential buyers at Edmonstone, as well as a joint venture partner or land sale to develop 13.5 acres.
Scarlett Land and Development and Savills have been appointed to market the consented scheme of more than 300 homes in phases one and two. These are at the north of the site, with a mix of 62% housing and 38% flats, including 36% of affordable homes in total.
Agents are inviting offers before a December 4 deadline. A further 300 homes are planned for phases three and four at the site, which are under offer to housebuilders. Phases three and four comprise a further 300 homes, which are under offer to housebuilders and Alba intends to develop the final fifth phase which has permission for 84 homes.
The development is next to the £1 billion BioQuarter scheme from Edinburgh University, NHS Lothian, the City of Edinburgh Council and Scottish Enterprise over 167 acres.
“These homes have been promised to the local community for a number of years now and Alba Developments will finally bring the site to life after so many years,” said Shane Tickelpenny, Alba Group’s MD.
Ben Brough, from Savills, added: “It is a superior scheme in the picturesque setting, with woodland and open space and high-quality materials as a nod to the heritage of Edmonstone Estate.”
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