A planning application for the development of high-quality Build-to-Rent (BTR) accommodation has been submitted by property developer and operator, PLATFORM_.
Located at the site of the derelict John Lewis depot/warehouse, Edinburgh, the proposals seek to introduce a high-quality BTR scheme at the heart of Edinburgh with 527 units. PLATFORM_ funds and ultimately manage a finished building with a desire and vested interest to produce a quality development.
Build-to-Rent (BTR) is a relatively recent model for new residential buildings in the UK, where all the properties are built for rent, not for sale.
PLATFORM_’s model represents an affordable and integrated offering where residents live not just in their apartments but can use the entirety of the building equipped with a gym, communal workspaces, bike club and a fulltime concierge service.
Across the UK currently, PLATFORM_ developments are home to residents with an age range between 19-66 years. Nearly 60% of successful applicants within PLATFORM_ schemes earned less than £30,000 per annum, and the median salary of a PLATFORM_ resident is £29,510. 12% were classified as key workers, including teachers, police officers, and NHS staff. The median full-time salary in Edinburgh is £32,182.
The new homes will be a mix of studios, one, two, and three-bedroom apartments spread across three blocks ranging from 4 to 7 storeys. All PLATFORM_ units are available to rent, meaning that less are used as second homes or remain unoccupied, and in turn, more homes are available for people to rent.
jmarchitects worked on the scheme, and the planning consultants were Turley. Engineers were Harley Haddow; landscape architects were Hirst, cost consultants were Thomas & Adamson.
Matt Willock, Development Director at PLATFORM_, said: “We’re thrilled to submit this application for our BTR scheme in Edinburgh. Bonnington Road Lane is an ideal location to spearhead PLATFORM_’s vision in Edinburgh.
“Not only will we develop the site, but we will operate the building. Our residents may rent an apartment, but will also have an abundance of common amenities at their disposal, including a gym, communal workspaces, a bike club, and rooftop gardens.”
“These proposals not only serve to redevelop a vital location, but help to tackle Edinburgh’s crisis in realistic housing, especially in Edinburgh city centre. BTR is a new, upward trend that offers high-quality rented accommodation at competitive prices for a wide-ranging demographic. Across the UK, nearly 60 per cent of our residents earn less than £30,000 a year.
“We’ve consulted widely and diligently with stakeholders in Edinburgh and the public in Leith to ensure they’ve had an opportunity to input their views about the proposals. The plans represent a collaborative discussion about how best to make this site work.”