Cityheart Ltd were selected by Napier University (Edinburgh) to provide it with a solution to its student accommodation shortage.
We identified the former Scottish and Newcastle Brewery site, owned by Lloyds Banking Group, for the provision of 778 student bedrooms, ancillary facilities and a new public park.
The purchase of the site was conditional upon receipt of an acceptable and implementable planning permission. A Prior Application Notice (PAN) was made and a full, detailed planning application followed. Further information can be found on our micro-site that can be accessed by following the link below.
Visit the Fountain Bridge South microsite
Having obtained a detailed consent, Pochin Construction Ltd were chosen as the preferred contractor and are well on the way to delivering the completed scheme by late summer 2013.
Cityheart have secured a forward funding deal with Standard Life Investments, to provide finance for the scheme, which will provide the fund with a secure covenant, long length of lease and indexed linked rental income.
Tenant Napier University
Funder Standard Life Investments
Contractor Pochin Construction Ltd
Architect Allan Murray Associates
CBRE Planning Consultants
Tweeds CDM Managers
Spring & Co Project Managers and QS
Gifford Engineering Services
CBRE and Stratos PDI Agents