Graham wins 460-home Edinburgh rental scheme

Graham Construction has secured the job to build a 460-home build to rent scheme in the Bonnington regeneration area, north of Edinburgh city centre.The contract was signed off as part of a deal by Swedish real estate investor Heimstaden Bostad to fund and acquire the scheme developed by PLATFORM_.A quarter of the predominantly two- and three- bedroom homes will be offered as intermediate housing at discounts of around 40% to open market rents.The scheme will have a 325,000 sq ft of lettable space and a broad range of amenities for all residents, including a gym, a large co-working area and rooftop terraces with views over the Water of Leith and the neighbouring Pilrig ParkPLATFORM_ assembled the site in 2019 and 2020 from three separate ownerships and subsequently obtained planning permission for the residential apartments.Under the £124m deal, PLATFORM_ will act as developer on the project as well as being retained as Asset Manager following completion of the development.Heimstaden Bostad’s existing footprint in the UK consists of a 750-home development in Birmingham also being delivered under a forward purchase agreement and around 60 more homes in the Greater London area.The UK expansion plan is part of Heimstaden’s broader pan-European growth strategy, which last year involved £11.9bn of residential property acquisitions.