Student accommodation specialist Empiric is moving ahead with plans for a 166 bed student accommodation development opposite Edinburgh Castle.
Empiric has acquired the land with planning permission for the £26.56m scheme.
Work will involve the demolition of the existing buildings and the construction of new purpose-built student accommodation.
The property will be part of a wider mixed-use development being constructed by developer Peveril Securities Limited.
Practical completion of the student scheme is expected in time for the 2019/20 academic year.
Paul Hadaway, Chief Executive of Empiric Student Property plc, said: “We are very pleased to have made this acquisition in the heart of Edinburgh’s Old Town.
“The city contains 49,705 full-time students and the University of Edinburgh attracts 38% of its full-time students from international backgrounds.”
from Construction Enquirer http://www.constructionenquirer.com/2017/08/14/student-scheme-to-be-built-in-shadow-of-edinburgh-castle/
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