UK-based property investment company Goodstone Living has received planning permission from the City of Edinburgh Council for the Dockside build-to-rent (BTR) expansion project in Leith, Edinburgh, Scotland.
This was received on behalf of Goodstone Living’s managed fund, Goodstone Living Partners One.
With this expansion project, the total number of new ‘next-generation’ housing units at the waterfront development will be raised from 338 to 373 to accommodate more families and affordable accommodation.
The 373 new units will be stretched across four buildings ranging from ten to 14 storeys, covering an area of 2.5 acres at Dockside.
The green amenity area in the public realm will be doubled from 1,900m² to 3,800m². It will also provide more bicycle storage, further enhancing the development’s strong environmental credentials.
As part of Goodstone’s social value creation approach, the facilities will feature a rooftop lounge and dining, co-working areas, and a fitness facility, along with two ground-floor commercial units with subsidised rentals for local companies.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
The company will work with McAleer & Rushe for construction.
Construction works already started in May, with the first building scheduled to be completed in July 2025.
Goodstone construction director Lee Hawkins said: “This consent provides us with the opportunity to make significant value-add enhancements to Dockside, specifically in respect of its sustainability credentials and the offer to the local community through public realm improvements.
“It will also enable us to widen our prospective tenant base here in Edinburgh, where there is a real need for high-quality rental housing across a wide range of age groups and income profiles.”