Strathedin Properties, a family-run developer with roots in heritage restoration, is revitalising landmark buildings in Edinburgh and Glasgow as part of a major growth push, backed by a £5.3 million funding package from Bank of Scotland.
In Edinburgh’s prestigious Church Hill (above), the business has acquired a historic residence, which it will transform into six city-centre homes. Meanwhile in Glasgow’s Carlton Place, the former Prince & Princess of Wales Hospice is being redeveloped into 99 high-spec apartments.
The £5.3 million funding from Bank of Scotland was arranged as a five-year Property and Asset Loan, supporting both immediate projects and long-term growth. £3.55 million of the facility consolidated an existing loan, removing a fixed repayment date and enabling Strathedin to direct resources, along with the remaining funds, into delivering major developments and drive momentum across its portfolio.
Founded in 1983 by civil engineer Dr Humayun Reza, Strathedin remains a proud family-run business. Now joined by his daughter, an architect, and his son, who supports with the company’s finances, the Edinburgh-based firm has completed more than 15,000 projects across the UK from the Palmerston and Grosvenor Suites in Edinburgh to landmark renovations in London’s Marylebone.
Strathedin’s evolution is reflected in its expanding workforce. It employs a multinational team of skilled engineers and tradespeople. To support a growing pipeline of projects, the firm expects to hire 18 more staff in the coming months.
Dr Humayun Reza, founder of Strathedin Properties, said: “When I converted my own home into flats in the early 1980s, I had no idea it would grow into this.
“I started out as a civil engineer, not a businessman, and no one else in my family had ever run a company. I began by focusing on restoring small residential homes and cottages in and around Edinburgh. It was about making the most of what was already there, breathing new life into tired buildings.
“For me now, with a background in engineering and a lifelong passion for heritage architecture, what still matters is bringing precision and care to every project we take on. I’m proud to now have my children working alongside me, and with the support of Bank of Scotland – particularly our relationship manager Ross Penman who has gone above and beyond for us – we’re in a strong position to grow exponentially.”
Ross Penman, relationship manager at Bank of Scotland, added: “Strathedin is a great example of a heritage-led developer that’s thinking big.
“From restoring listed buildings to delivering major regeneration projects, they’re helping shape the future of Scotland’s cities and beyond. We’re proud to support them as they grow their team, portfolio and ambitions.”
