Build for world we live in

Edinburgh site acquired for student accommodation project

Edinburgh site acquired for student accommodation project

A major new student accommodation development is set to be built in the heart of Edinburgh's Old Town.

Student accommodation specialist Empric has acquired the site on King Stables Road, close to Edinburgh Castle, with planning permission already in place for the development.

A total of 166 units will be constructed in the £26.6 million project, which will provide a prime term-time location for those coming to study at the University of Edinburgh.

The project is not just about student housing, however, as Peveril securities is undertaking a wider mixed-use scheme on the site.

Some buildings currently at the location will be demolished before construction work can start, with the new student housing expected to be ready for the start of the 2019-20 academic year. 

Chief executive of Empiric Student Property Paul Hadaway said: "We are very pleased to have made this acquisition in the heart of Edinburgh’s Old Town.

"The city contains 49,705 full-time students and the University of Edinburgh attracts 38 per cent of its full-time students from international backgrounds."

Any construction work being undertaken in this part of the Scottish capital will need to be designed in such a way as to not interfere with the ambience of the World Heritage Status that Unesco has conveyed upon both the Old and New Towns in Edinburgh. 

The Old Town grew up in medieval times as a crowded and often squalid settlement below the volcanic ridge on which the castle sits, earning the nickname "Auld Reekie" for its poor sanitation. Suffice to say, the new development will be rather more pleasant to live in.

It was in response to the poor conditions and ad hoc development characterising the Old Town that the New Town was built in the 18th century, with its grid lined streets, Georgian neoclassical housing and planned green spaces. It was constructed on the north side of Princess Street across the city, where prevailing winds kept the smell of Auld Reekie away.

Image: iStock/JoeDunckley

 

--- Ends ---

Return to news index

Build for world we live in