York developer completes sale of "prominent" Edinburgh site

A York property development company has announced that it has sold a “prominent” development site in Edinburgh.

S Harrison has completed the sale of its Gorgie Road site to Watkin Jones for an undisclosed sum.

The company secured planning permission on the site earlier this year for a “major” new student accommodation scheme consisting of 248 bedrooms in two buildings made up of 35 studio rooms and a mixture of cluster apartments.

David Clancy, development director at S Harrison, commented: “Watkins Jones is one of the most reputable names in the student accommodation sector.

“This sale demonstrates the strength of the student market in Edinburgh and the quality of this site, which is close to several Edinburgh Napier University buildings, the University of Edinburgh and Heriot-Watt University, as well as having public transport links on the doorstep.”

Alex Pease, chief investment officer of Watkin Jones, said: “Gorgie Road is located in a good location in a city where there’s a strong demand for high quality student accommodation.

“The scheme, which will open in 2022, further strengthens our nationwide pipeline of student and build-to-rent sites and reinforces Watkin Jones’ credentials as the UK’s leading residential for rent developer.”

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