Acquisition paves way for residential or commercial development at Newbridge site

Acquisition paves way for residential or commercial development at Newbridge siteGSS Developments, run by Paul and Tim Stevenson, has bought the 61.5-acre former Continental Tyres Factory near Edinburgh for an undisclosed sum.The expansive brownfield site has remained derelict since the factory closed in 1999 and now presents a unique opportunity for residential and/or commercial development in a key location just one mile from Edinburgh Airport.Commenting on the purchase, which was assisted by corporate law firm Dickson Minto, Paul Stevenson of GSS Developments said: “This well-known site sits within easy reach of Edinburgh Airport and is well connected to the roads network especially the M8, M9 and M90. We are pleased to be playing a part in its next chapter and are currently exploring options as to how best to maximise its potential.”David Fraser, partner, residential investment & development at Ryden, added: “Ryden are delighted to have provided advice to GSS Developments on the acquisition of this prime development site. The site has the benefit of a key strategic location within East Central Scotland and presents a range of options for GSS to deliver a high-quality development.”