Tag: build to rent homes

Green light for Beaverhall BTR and creative workspace scheme

Developer HUB and Bridges Fund Management (“Bridges”), a specialist sustainable and impact investor, have received planning permission for a residential-led development on Beaverhall Road.

The scheme will provide 205 Build to Rent homes, including 52 affordable homes, as well as creative workspace and a new publicly accessible courtyard.

The proposal for Beaverhall Road will replace an existing warehouse with a contemporary scheme that maintains the site’s status as a focal point for the resident creative community, delivering 45% more creative workspace than provided by the current building, whilst also bringing new homes to the area. 

Designed by architects shedkm, the proposal has been developed in close collaboration with the local community and current businesses, with the ground floor creative workspace co-designed by the existing tenants, many of whom plan to move into the new development.

The focal point of the scheme will be a new public courtyard, Makers Yard, providing a space for relaxing and gathering for residents and commercial tenants, as well as neighbours. The new development will also feature a large mural by a local Edinburgh artist on one of the external walls.

In line with HUB and Bridges’ shared values, the scheme will prioritise both people and planet. The plans exceed current Scottish sustainability regulations and include a biodiverse green roof, as well as a communal air source heat pump to provide environmentally responsible heating for the entire building.

The designs maximise the potential of a brownfield city centre site and will deliver ‘tenure-blind’ homes, meaning all residents’ homes will be of the same high quality.

Situated in Canonmills, just north of Edinburgh’s New Town, the proposed development is within easy reach of the iconic city centre, while benefiting from a sense of community created by the area’s existing amenities.

Tom Valente, Development Manager at HUB, said: “We are hugely excited to be moving forward with one of our first developments in Edinburgh. It’s a fantastic city which has a long-established creative scene, and prides itself on its wealth of small, independent businesses.

“Our plans for Beaverhall will maintain the site’s status as a hive of creativity by placing studios and maker spaces at the heart of the development, alongside high quality, sustainable homes for local people.

“What we are doing here demonstrates the potential to create lively mixed-use communities on urban brownfield sites, and this is a model that we want to champion both in Edinburgh and elsewhere across the UK.”

Simon Ringer, Partner and Head of Property at Bridges, said: “For Bridges and HUB, people and planet are central to the design and planning of all our new developments.

“By building high-quality, sustainable lower-cost housing, coupled with enticing public spaces that reflect the needs of local people, we can create highly attractive developments that really deliver for the local community.

“Beaverhall will be a perfect example of this; and we’re particularly delighted that we’ve also been able to reflect the site’s heritage as a creative hub in the design. We can’t wait to see it come to life in the months ahead.”

James Spencer, Associate at shedkm, said: “We’re really excited to be working with HUB to preserve this creative heart in Edinburgh, while improving the built environment for the local community.

“We look forward to bringing our longstanding experience in regenerating areas across the UK, to create a modern, sustainable place that builds upon Edinburgh’s industrious heritage and remains a key piece of the city.”

Major new development planned for Corn Exchange at Chesser

FULL TIME for WORLD of FOOTBALL

Proposals for an exciting new residential development at New Mart Road, Chesser, have been announced today, creating a new urban quarter.

Watkin Jones Group, a leading developer and manager of homes for rent, has revealed proposals to redevelop land to the rear of the Corn Exchange, which includes the World of Football and World of Bowling buildings.   .

The proposed high-quality mixed-use brownfield development will comprise primarily of build-to-rent (BTR) homes, including affordable homes, as well as managed student accommodation, forming a mixed-tenure urban residential village. This forms part of an overall regeneration of the brownfield site following the recent acquisition of the Corn Exchange building concert venue by the Academy Music Group, to be called the O2 Academy Edinburgh.

Completing the work in 2025, should planning permission be given, the regeneration of this brownfield site – formerly comprising a mix of listed and unlisted buildings originally used as an auction mart and livestock sheds – will seek to retain the character and elements of the buildings. This will ensure their long-term viable future, all of which is considered in the creation of community spaces and public realm within the proposed scheme.

The World of Football and World of Bowling have provided a suitable uses and adaptation of the former auction mart buildings and livestock sheds for over 22 years, however their condition currently requires considerable investment on an ongoing basis. 

To bring the buildings up to standard is a continual test, burden and cost for the business. Investment in recent state of the art facilities such as World of Football at Marine Drive show that they can provide far more viable spaces without the ongoing cost and environmental impact that old out of date buildings unfortunately provide.

The BTR apartments will comprise a mix of studios, one bedroom, two bedroom and three-bedroom flats. Within the building it is proposed there are areas of communal amenity such as working from home and study space, a communal lounge, exercise facilities, management suite and reception, bike storage and large shared kitchen.

Student bed spaces are proposed as a mix of studio and cluster rooms each with their own ensuite. This will also have a range of communal amenity spaces, bike storage, management suite and reception areas.

Reflecting the heritage of the site, a significant proportion of the former livestock shed frames will be retained and incorporated into the overall development. There will also be a variety of external high-quality communal spaces. The development is proposed as a car free scheme with parking limited to accessible parking only and maximising the good quality public transport and active travel links to the site.

Each of the key areas of public realm and open space will be given an identity as part of the overall masterplan, reflecting the history of the site, including a large central public square. This will form a connection between the proposed development and the O2 Academy Edinburgh

It is envisaged that the public square will be used by performing arts groups; farmers markets; leisure square gatherings and as an urban gathering space for residents.

The central square is adjacent to a series of smaller walled gardens and routes that link the more private series of residential courtyards. These smaller courtyards are connected by a grouping of pends, footpaths and tree lined boulevards.

The developer has formally submitted a Proposal of Application Notice (PAN) to City of Edinburgh Council, informing it that it intends to submit a planning application for the development following a minimum 12-week consultation period. 

Watkin Jones Group has undertaken major BTR schemes throughout the UK, completing its first purpose-built scheme in Leeds in 2016.

It has extensive experience of working in Edinburgh, investing extensively in the city over the last 10 years. Over the period it has developed a total of ten purpose-built student accommodation schemes, equating to 2,861 student homes.

A notable example is the award-winning Sugarhouse Close development, which was completed in the summer of 2012. The development is accessed from the Royal Mile and located within the World Heritage Site, demonstrating that the Group have first-hand experience delivering a high-quality scheme in a historically sensitive location.

Watkin Jones Group is also currently progressing a mixed tenure residential development at Iona Street in Edinburgh, for which planning permission was granted in March of this year. This development comprises over 200 managed student homes, 60 residential apartments and 20 affordable homes and will be completed in 2023. In addition, the Group is delivering 645 managed student homes on Westfield Road and Gorgie Road which will be completing in 2022.

Iain Smith, Planning Director for Watkin Jones, commented: “We’re thrilled to be announcing our exciting scheme for this new urban quarter at Chesser, creating a thriving and diverse community as part of an overall redevelopment of the area. The site is in a highly sustainable location with excellent access to amenities and transport links and will be built to future-proofed high environmental standards.

“Maintaining the strong heritage of the site is a feature of the development and our intention is to retain the character of the buildings where we can, ensuring their long-term viable future, with the creation of some fantastic public squares, each with their own distinct identity.

“These proposals will greatly assist in the regeneration of this part of the city and we are consulting extensively to ensure that people from across the local area have an opportunity to input their views and shape our ambitious proposals.”

What is BTR?

BTR is a relatively new model for creating new homes in the UK but it is very popular in Europe and America. All the properties are built for rent, not for sale and are usually owned by a pension provider that wants to maintain a secure income to pay the pensions of its members.

Because the owner is a long-term professional investor there is an emphasis on future-proofed sustainability and maintaining a diverse thriving community that keeps the building and local area attractive as a place to live for decades. 

Residents are offered long-term security of tenure, with the flexibility of renting and have access to wider on-site amenities, such as gyms and workspaces, that offer a better lifestyle the traditional boundaries of rented homes. Pets are often allowed in BTR homes. Recent research by the UKAA found that BTR homes charge similar rents to traditional rented homes.