2nd September 2020

New Town Quarter, Edinburgh

New Town Quarter is one of the largest developments to come forward in Edinburgh’s city centre for a generation.

The site was purchased from Royal Bank of Scotland in May 2019, with Ediston and Orion Capital Managers working together on their shared vision for this 6-acre city centre site.

New Town Quarter
New Town Quarter

Proposals include 117 new homes, 144 Build to Rent units, affordable housing, 85,000sq ft office and a hotel. The proposals were subject to major public engagement with the local community and stakeholders.

A Detailed Planning Application for the development proposals was submitted on 31st August 2020.

Demolition of the existing buildings is anticipated Q2 2021, with construction commencement forecast for Q3 2021, with a 3-year build-out period.

Latest published research shows the New Town Quarter development is poised to bring significant economic benefit, and once completed is forecast to create more than 700 full-time jobs whilst generating an annual GVA economic uplift of £34.4 million to the local and wider Edinburgh economy.