Residential developer acquires 2.6 acre site at Port of Leith

Residential developer HUB and Bridges Fund Management have acquired a 2.6 acre site on Baltic Street in Edinburgh’s Port of Leith.The site at the former Leith Gas Works was acquired for an undisclosed sum.It has an existing planning permission for a student residential development, secured by vendors Sundial Properties and local architects Michael Laird Associates.HUB intends to reconfigure the proposal to deliver a residential-led scheme, comprising of build-to-rent apartments, with mixed commercial uses at ground floor level. It plans to work with the council and local stakeholders to build upon the existing consent.This is the ninth deal on which HUB and Bridges have partnered and their second acquisition in Edinburgh, following their recent purchase of the 1.5-acre Beaverhall site in Canonmills, where they are currently developing plans for a mixed-use scheme incorporating build-to-rent homes and a studio space for the area’s artistic community.The latest deal also continues HUB’s expansion into cities across the UK, with schemes already underway in Leeds and Birmingham.