Unite Students has announced plans to develop its first mixed-use property in Edinburgh combining student, build-to-rent (BTR) and affordable units.
The new 401-bed property called Burnet Point will be the first of its kind for the UK’s largest provider of student accommodation.
The city centre development, which has total development costs of £59 million (€69 million), will also be Unite Students’ lowest carbon new-build and will use low-carbon concrete and timber composite, an environmentally friendly alternative to natural wood.
As part of the development, Unite Students will provide a dedicated community space. It will work with local charities and community groups to find a partner over the next few months.
Burnet Point is set to be completed in September next year, ready for the start of the 2025/26 academic year. In total, it will have 298 student beds and 49 private-rented residential apartments. A total of 17 affordable residential apartments will be provided through housing association, Hillcrest Homes.
This development further extends Unite Students’ BTR pilot, which began in 2022 when it acquired 180 Stratford, in Stratford, London.
Source: propertyeu.info on the 28th of March