Developer seeks buyers for first phases of £210m Edinburgh site

Alba Developments has announced it is seeking potential buyers for the first phases of its £210 million Edmonstone residential development in Edinburgh.The site is located next to the city’s £1 billion BioQuarter scheme from Edinburgh University, NHS Lothian, the City of Edinburgh Council and Scottish Enterprise.Scarlett Land & Development and Savills have been appointed to market the consented scheme of over 300 homes in phases one and two.Alba Developments is searching for a joint venture partner or a land sale to develop 13.5 acres and revealed it is also in talks with potential funders to back build-to-rent homes on the site.The first two phases are at the north of the site, comprising a mix of 62% housing and 38% flats. Affordable housing makes up 36% of the total homes. Agents are inviting offers with a deadline of 4 December.Phases three and four comprise a further 300 homes, which are under offer to housebuilders. Alba added that it intends to develop the final fifth phase which is currently consented for 84 homes.