House-builder seeks buyers for new homes on first phase of £210 million Edinburgh development

Alba Developments is seeking potential buyers for the first phases of its £210 million Edmonstone development in Edinburgh.

First phase: Huge development site

Scarlett Land & Development and Savills have been appointed to market more than 300 homes in phases one and two of the development.

Developers, the Alba Group, is seeking a joint venture partner or a land sale to develop 13.5 acres and is also in talks with potential funders to back build-to-rent homes on the site.

The first two phases are located at the north of the site, with a mix of 62 per cent housing and 38 per cent flats. Affordable housing makes up 36 per cent of the total homes and agents are inviting offers with a deadline of 4 December.

The development sits next to the £1bn BioQuarter scheme from Edinburgh University, NHS Lothian, the Edinburgh City Council and Scottish Enterprise across 167 acres.

It is also around a mile from Edinburgh Royal Infirmary and just under five miles to the south east of the city centre. The site is located in the former Edmonstone Estate next to Little France Park.

Shane Ticklepenny, managing director of Alba Group said: “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.”

Will Scarlett, managing director at Scarlett Land and Development, added: “The proximity of the site to Edinburgh Bio Quarter and the Royal Infirmary of Edinburgh will heighten appeal to institutional funds seeking to enter the build-to-rent market in Edinburgh for single family and multi-family housing.”

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