The developer of the only build-to-rent (BTR) project to launch in Edinburgh this year is now marketing the first phase of homes at the flagship project.
PLATFORM_ has announced that 365 apartments are now available to rent at the Bonnington development at the Water of Leith, after their completion by contractor GRAHAM.
The first phase includes a range of amenities to enhance residents’ life, including a gym, yoga studio, co-working space, lounge, guest rooms, private dining room, screening room, spin room, outdoor landscaped areas, a kids' soft playroom, and an outdoor play area.
A new riverside walk and park have also been created, while the development contains four new commercial units, and a new access road connecting Anderson Place and Bonnington Road Lane.
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The remaining 99 are expected to launch before the end of 2024. Of the 464 homes which will be developed at Bonnington, 25% or 116 will be available at a discounted rent, defined by PLATFORM_ as intermediate market rent provision.
PLATFORM_ is also behind Scotland’s biggest BTR scheme in Scotland at Anderson Quay in Glasgow, which comprises 498 apartments.
Jean-Marc Vandevivere, chief executive at PLATFORM_, said: “PLATFORM_’s latest development in Edinburgh will enhance the vibrant Bonnington area with tech-enabled, well-priced housing that is in strong demand across the city. The high level of demand is evident, with all available 1-bed and 2-bed intermediate market rent homes now reserved.
“With close to 1,000 BTR units operational in Glasgow and Edinburgh by the end of the year, we look forward to finally getting clarity on the regulatory front from the Scottish government. This will hopefully allow us to start investing again into new projects and deliver even more much-needed rental housing across Scotland.”
Christian Birrell, managing director/ head of UK investments at Heimstaden Bostad, which forward-funded the Bonnington development, said: “We are excited to launch the first Heimstaden Bostad-funded BTR development in Scotland, in partnership with PLATFORM_, and look forward to welcoming new residents to our Friendly Homes in the coming weeks.
“The development in Bonnington represents a new standard of living for the people of Edinburgh, with sustainability at its core. The introduction of 464 open market and intermediate market rent apartments to the city will add much-needed housing and ensure there are homes for all types of renters.”
Gary Holmes, regional managing director for GRAHAM’s Building North region, said: “GRAHAM is proud to partner with PLATFORM_ and Heimstaden Bostad to help more people find a high-quality home in Bonnington. Through innovative design features and extensive amenities, this project sets a new standard for modern living in Edinburgh.”
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