Heimstaden has agreed to fund and acquire PLATFORM_’s 464-home residential project in Edinburgh for €149 million ($161 million). A building contract was placed simultaneously and practical completion is scheduled for mid-2024.
The development is in the Bonnington regeneration area, 2 kilometers (1.2 miles) north of Edinburgh’s city center, to which it will be connected by tram from 2023. A quarter of the predominantly two- and three-bedroom homes will be offered as intermediate housing at discounts of about 40 percent to open-market rents. The property will have a total of 30,200 square meters (325,070 square feet) of lettable space and a broad range of amenities for all residents, such as a reception and concierge desk, a gym, a large co-working area and rooftop terraces with views over the Water of Leith and the neighboring Pilrig Park. PLATFORM_ assembled the site in 2019 and 2020 from three separate ownerships and subsequently obtained planning permission for 464 r
