NATIONAL Grid has signalled its confidence in the Scottish housing market by releasing over four hectares of prime development land at The Forthquarter in Edinburgh.
In close proximity to Edinburgh’s stunning waterfront and benefiting from the facilities and amenities of North Edinburgh’s established and vibrant community these plots offer the opportunity to develop a range of homes in an attractive and desirable location.
Sales and lettings manager, Jim Moore, said: “We have an outstanding location and excellent infrastructure at this site and it continues to attract interest.
“This latest land release is aimed at maintaining the momentum with a view to achieving our vision. National Grid is facilitating the transformation of this former gasworks site into an attractive and sustainable community.”
The creation of a 20-acre public park, the first in Edinburgh for 100 years, and the retention and improvement of a woodland copse and wildlife pond at the heart of this 110-acre development site provides an attractive and popular location for a variety of home seekers.
With planning consent for 2,000 homes The Forthquarter masterplan encourages housing developers to create a mix of residential styles that will stand the test of time.
To datemover 750 quality homes are established and occupied with a further 136 under construction.
Attracted by a selection of desirable private, social and affordable properties a new community is establishing at The Forthquarter with residents and businesses taking advantage of the excellent transport routes, amenities and leisure opportunities along Edinburgh’s waterfront.
John Brown, director at DTZ in Edinburgh, added:” I have confidence the market is ready to continue the development at the western neighbourhood at The Forthquarter. Investment by Barratt, Bellway, Cruden/Hart and Places for People has ensured a very successful Phase One and it’s now time to continue with Phase 2.
“This release of brownfield land in a desirable area of Edinburgh, will encourage and enable timely development where shortage of new home product exists.”
The current plot releases have been timed to enable investors to capitalise on local market conditions. Year on year house prices throughout Scotland have remained relatively stable with a steady turnover of properties helping to maintain a healthy market.
Just 4k from Edinburgh’s vibrant city centre, The Forthquarter is close to range of excellent public and private schools in the north of the city.
DTZ Residential market The Forthquarter on behalf of National Grid as an investment opportunity for property developers and provide expert advice.
For further information and details of investment opportunities at The Forthquarter Tel John Brown 0131 222 4500 or visit www.theforthquarter.co.uk
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