Triple Point’s Heron Court Leith housing development completed

Triple Point Social Housing REIT has announced that work has completed on its major new development in Leith, which provides high-quality new homes for local people with long-term disabilities.

In April 2019, Triple Point announced its investment in the scheme, developed by HB Villages (HBV), with construction officially started by Deidre Brock, the MP for Edinburgh North and Leith.

Twenty-four new supported housing apartments have been built on West Bowling Green Street in Leith, which are specially adapted to provide long-term homes for people with physical disabilities, learning disabilities and other complex care requirements.

Residents will be referred to the scheme by the Edinburgh Health and Social Care Partnership based on significant local need, with care provided to residents by Lifeways, and housing management services provided by Inclusion Housing.

The £5.4m scheme, called Heron Court, is the first of its type in Scotland and has been developed by HBV, a specialist supported living developer, using funding from Triple Point.

The developers instructed an all-Scottish construction team including Edinburgh-based architects 56Three, structural and civil engineers Curtins, locally-based mechanical and electrical consultants Horizon M&E, and Alloa-based contractor Marshall Construction.

Triple Point uses private capital to acquire, or fund the development of, newly built or newly renovated housing in the community for people with long-term care needs whose rent is funded by government.

This type of housing has been shown to improve the wellbeing of people moving out of institutional care settings, while saving the government money. Triple Point’s portfolio has over 450 properties providing homes for over 3,000 residents.

Based on strong demand, Triple Point is looking to invest in more supported housing schemes like Heron Court across Scotland and the rest of the UK.

Max Shenkman, Head of Property Investment at Triple Point, said: “We are delighted to announce the completion of Heron Court. The development will allow people with disabilities and complex care needs to live independent lives in high-quality and carefully adapted apartments.

“Triple Point is committed to investing in projects that deliver a positive social impact, and Heron Court will provide homes in the heart of the community to support some of Edinburgh’s most vulnerable people. With more Scottish developments in the pipeline, we look forward to delivering further positive impact in the area.” 

Oliver Carroll, development director of HBV, the supported living developer, said: “We are delighted to complete delivery of this special scheme in the heart of the community.

“We have had tremendous support from officers at Edinburgh City Council who are responsible for delivering specialist supported care across the city. Everyone we have worked with on delivering Heron Court recognises the need for modern specialist supported living accommodation for Scotland’s most vulnerable people. 

“We are tremendously excited by all the interest that is being shown in this particular scheme and we are already progressing discussions with other local authorities and funding partners to deliver more like it in Scotland.” 

Judith Proctor, Chief Officer of the Edinburgh Health and Social Care Partnership, said: “The completion of this scheme – less than two miles from Edinburgh city centre and less than two years after works began – is a remarkable achievement and a great example of collaboration between the public and private sectors.

“Accessibility and technology are two important features of the design of the building which will enable residents to live more independently. Many of the residents will have keys to their own front door for the first time which will be a tremendous boost to their independence and a positive impact on their lives.”

Edinburgh’s Lord Provost, Frank Ross, said: “This is a brilliant example of a new-build development that blends seamlessly into the surrounding environment and community not just physically but emotionally as well.

“It is important that we continue to place great emphasis on solving the housing requirements of people in Edinburgh who need extra support and give them the opportunity to live as independently as possible.” 

Deidre Brock, MP, who officially started works at the site in 2019, said: “The completion of this development is another important step towards ensuring the most vulnerable in our society are well looked after in accommodation that properly suits their needs.

“I’m really looking forward to seeing folk move into the scheme over the next few months and making their home here in Leith.”

Scottish housebuilder shines ray of sunshine on Leith with new Tayworks development

A Scottish housebuilder is transforming a former Edinburgh industrial site into 77 new homes, thanks to a £5.8million funding package from Bank of Scotland.

MNM Developments has started construction on The Tayworks, a new £12m development located in the city’s popular Leith area, on West Bowling Green Street.

The new development consists of 77 one, two, and three-bedroom apartments, with 14 of these already reserved.  Housing association, Places for People, has also acquired 14 of the 77 properties to market as affordable housing. 

The housebuilder is headed up by sibling trio, Marc, Nathan, and Michaela Teague. In addition to The Tayworks, the family-run firm recently completed The Market development in Bonnyrigg and has sites underway at Willowbrae Road in Edinburgh, and Castlemains in Dirleton.

Over the past five years the firm has built over 100 properties across Edinburgh and the Lothians and has developed a reputation in providing a quality build at affordable prices.

Despite the Covid-19 pandemic halting construction of The Tayworks for four months, the firm has managed to adapt its original build plan and is now only five weeks away from its original completion date. It will welcome its first homeowners from October 2021.

Bank of Scotland provided the business with a £5.8million development loan, supporting the firm in the build of the site. The development itself also created around 50 jobs for local sub-contractors.

Marc Teague, managing director at MNM Developments, said: “We were just breaking ground at The Tayworks site when Covid-19 hit. Despite the pause in operations, construction is now back underway, and the response so far has been brilliant. 

“Leith is an increasingly popular area to live and work, and there’s been a great deal of redevelopment in this area in the last decade. It was also named one of the coolest places to live recently by Time Out so we’re confident these properties will sell quickly.

“As a family business, we’ve had a long-standing relationship with Bank of Scotland. The financial support and guidance the bank has provided has been invaluable in bringing The Tayworks to the market, and we look forward to welcoming the new homeowners next year.”

Douglas Spowart, relationship director at Bank of Scotland, said: “The past eight months have been extremely difficult, including for firms in the construction sector. So it’s heartening to see some firms turning these challenges into new opportunities.

“Property prices in Leith are up 5% on last year such is the demand to relocate to this vibrant area of Edinburgh. This is why it’s encouraging to see firms like MNM Developments capitalise on these positive market trends in order to grow, despite this year’s challenges.

“At Bank of Scotland, we’re working by the side of businesses across all sectors to help support them on the road to recovery.”