Daily Newsletter

24 November 2023

Daily Newsletter

24 November 2023

Goodstone recieves approval for BTR expansion in Edinburgh

The added units will be stretched across four buildings ranging from ten to 14 storeys.

November 24 2023

UK-based property investment company Goodstone Living has received planning permission from the City of Edinburgh Council for the Dockside build-to-rent (BTR) expansion project in Leith, Edinburgh, Scotland.

This was received on behalf of Goodstone Living's managed fund, Goodstone Living Partners One.

With this expansion project, the total number of new 'next-generation' housing units at the waterfront development will be raised from 338 to 373 to accommodate more families and affordable accommodation.

The 373 new units will be stretched across four buildings ranging from ten to 14 storeys, covering an area of 2.5 acres at Dockside.

The green amenity area in the public realm will be doubled from 1,900m² to 3,800m². It will also provide more bicycle storage, further enhancing the development's strong environmental credentials.

As part of Goodstone's social value creation approach, the facilities will feature a rooftop lounge and dining, co-working areas, and a fitness facility, along with two ground-floor commercial units with subsidised rentals for local companies.

The company will work with McAleer & Rushe for construction.

Construction works already started in May, with the first building scheduled to be completed in July 2025.

Goodstone construction director Lee Hawkins said: “This consent provides us with the opportunity to make significant value-add enhancements to Dockside, specifically in respect of its sustainability credentials and the offer to the local community through public realm improvements.

“It will also enable us to widen our prospective tenant base here in Edinburgh, where there is a real need for high-quality rental housing across a wide range of age groups and income profiles.”

South-East Asia Construction Market Dynamics

Several companies are accelerating toward the net-zero emissions target to decarbonize the energy sector. The power industry is investing heavily in AI and ML to deliver the necessary solutions, such as sensor-connected power plants and smart grids to balance electricity supply and demand. AI is driving measurable improvements in renewable energy forecasting, grid operations and optimization, the coordination of distributed energy assets, and demand-side management. It will play a major role in enhancing asset optimization and customer segmentation.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close