Market Leads & Opportunities
Queensberry acquires first residential element at New Waverley
Prime site property developer Queensberry Properties Ltd (QPL) has acquired the first residential site within the 7.5-acre mixed-use ‘New Waverley’ project from Artisan Real Estate Investors.Located in the heart of Edinburgh’s historic old town, the site, which has an estimated gross development value of c£35 million, includes provision for 66 new homes for private sale in a mix of 1, 2 and 3-bedroom apartments, mews houses and maisonettes, along with 11,000sq ft of associated first-class retail and commercial space.All the residential properties will be designed exclusively for the development, with 59 underground car parking spaces for residents also planned.It is expected construction will start in quarter one of 2019 with the first residential properties ready for moving into by the summer of 2020.
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