Market Leads & Opportunities
£3m property investment loan for new mixed-use Edinburgh project
AMA Homes is to deliver a residential and commercial development in Edinburgh after securing a £3 million property investment loan.The loan will provide the developer with an extended period to redevelop Belford and Douglas House into a major new residential site with 50 apartments and 2,000 sq ft of commercial space.Belford House is a seven-storey, 23,000 sq. ft. office building which is currently owned by AMA. Douglas House extends over five floors with a total area of around 14,768 sq. ft. – AMA owns the ground and first floor. The two buildings are adjacent to one another and inter-connected through the first floor.The deal marks the first transaction in Scotland for business and property bank OakNorth.
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