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 which it hopes will encourage development of much-needed housing in Edinburgh.
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.
National Grid’s sales and lettings manager, Jim Moore, said: “We have achieved a tremendous amount at The Forthquarter and the site continues to attract interest. This latest land release is aimed at maintaining the momentum with a view to achieving our vision.”
DTZ Residential market The Forthquarter on behalf of National Grid and director, John Brown, said: “I have confidence the market is ready to take advantage of this opportunity.
“Investment by Barratt, Bellway, Cruden/Hart and Places for People has resulted in very successful residential development during Phase One and it’s now time to continue with Phase Two.
“With over 14 hectares developed and a further 13 hectares for rolling release, the transformation of this former gasworks into an attractive and sustainable community is a direct result of the intensive remediation and investment in infrastructure undertaken by National Grid to ensure the site is suitable for all types of projects – including schools, housing and public buildings.
“This release of sought after brownfield land in a desirable area of Edinburgh will encourage and enable timely development where shortage of new home product exists.”
Just 4k from Edinburgh’s vibrant city centre and offering access to attractions along Edinburgh’s emerging waterfront, The Forthquarter offers excellent amenities and is close to range of public and private schools in the north of the city.
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 water features at the heart of this 110-acre site provides an attractive and popular location for a variety of businesses and 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 date, over 750 quality homes are established and occupied with a further 136 under construction.
For further information and details of investment opportunities at The Forthquarter Tel John Brown 0131 222 4500.
To find out more about this emerging new city quarter, visit www.theforthquarter.co.uk.
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Contact: Ann Confrey