HART Builders is poised to deliver a multi-million pound new housing development on the site of the Edinburgh Roperie and Sailworks Company in Leith.
Following a successful land deal secured by the Cruden Group, the £25 million development will be delivered in partnership with PfP Capital. Construction is already underway, with the scheme set to result in 151 new homes built, providing affordable housing for the area.
This will be the fifth project that Hart Builders, part of the Cruden Group, has delivered as part of the Ropeworks development. The Ropeworks has been designed to create open spaces and provides direct access to the 46-acre Leith Links and a new landscaped park and extended allotments.
The new homes will be built in four blocks, with three offering lift access. Due to complete in Spring 2022, the properties will comprise a mix of one, two and three-bedroom flats.
The homes are being delivered as part of PfP Capital’s Mid-Market Rent fund set up by PfP Capital and supported by the Scottish Government which aims to provide around 1,000 mid-market rental homes across the country. This is the second of two large developments that Hart Builders is constructing for PfP Capital in Edinburgh, which will provide 236 new affordable homes for the city.
Steven Simpson, CEO at Hart Builders said, “We are pleased to continue our strong working relationship with PfP Capital to deliver this significant project in Leith to bring quality affordable homes to the area. Hart Builders have an impressive track record in delivering new quality homes in the Leith area, with 608 homes at the Ropeworks complete and under construction.”
PfP capital fund director William Kyle added, “We are pleased to be working with Hart Builders on the delivery of 151 homes for mid-market rent, bringing new life to this vibrant part of the city at the Ropeworks development. We look forward to delivering these high quality, affordable rental homes to the market as part of our partnership with the Scottish Government, and to helping bring this historic site back to life.”