Grosvenor secures planning consent for up to 400 new homes at Fountainbridge, Edinburgh

City of Edinburgh Council has granted planning consent for Grosvenor Britain & Ireland’s proposed build-to-rent scheme at Fountainbridge. The consent unlocks the potential for up to 400 new homes in the former industrial area close to the city centre.

13th January 2016

Following the decision, David Yaldron, Director City Centre Developments, Grosvenor Britain & Ireland, said: “We welcome the City of Edinburgh’s forward-thinking decision in granting planning consent.  Our project team has collaborated closely with local neighbourhood organisations and today's decision marks an important and exciting step forward for the area’s wider regeneration.

“In addition to new homes, this consent includes plans for a new public square, community spaces and commercial and retail space, which we hope will add to the vibrancy of the neighbourhood and re-position it as one of the best places to live in Edinburgh.”

The first phase of development at Springside, Fountainbridge, is already complete, and comprises 250 homes, including homes for sale, affordable homes for the ‘frail and elderly,’ serviced apartments and two student residences providing accommodation for over 600 students. Grosvenor has also delivered 46 private rented homes that demonstrate an appetite for well-managed and well located rental properties.

The architects on the scheme are CDA and HTA.

ENDS

For more information contact:
Hamish McDougall, Press Office
Grosvenor
020 7312 6479
pressoffice@grosvenor.com

Notes to Editors

Grosvenor Group

Grosvenor is a privately-owned property group, active in some of the world’s most dynamic cities. We create high-quality places for people to enjoy and which use resources sustainably.

Grosvenor Britain & Ireland

Grosvenor Britain & Ireland is part of Grosvenor Group. Its mission is to create and recreate inspiring places and neighbourhoods, delivering value for customers, shareholders and co-investors with its place-making expertise.

It owns, develops and manages a diverse property portfolio in cities across Britain and Ireland. Business units are focused on its London estate - 300 acres of Mayfair and Belgravia in the heart of the UK’s capital - and developments elsewhere in London, Edinburgh, Liverpool, Oxford, Cambridge and Southampton. As at 31 December 2014, GBI had £5.2bn of assets under management.

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