A 799-home construction through Watkins Jones has been licensed through Scottish ministers after being known as in for assessment.
The scheme will ship 100 reasonably priced houses, 293 construct to hire gadgets and 406 goal constructed scholar lodging (PBSA) bedrooms in Chesser, to the west of Edinburgh town centre.
Prior to now licensed through the Town of Edinburgh Council’s construction control sub-committee in December 2022, the scheme used to be known as in through Scottish executive in February 2023 so ministers may just assessment various noise comparable considerations.
A number of making plans prerequisites have since been added.
The advance incorporates various indexed buildings and constructions that have been initially an agricultural marketplace established within the early 20th century.
Crucial components, as recognized through the council and Historical Atmosphere Scotland, will probably be refurbished round a publicly obtainable ‘Heritage Sq.’.
Watkins Jones is in discussions with a neighborhood registered supplier to obtain and function the reasonably priced housing part.
The advance is anticipated to finish in 2029.
The announcement got here an afternoon after Watkin Jones printed unaudited figures for the yr ended 30 September 2025 display the scholar lodging and BTR specialist made a turnover of round £280m.
If showed within the staff’s ultimate effects, the determine can be a vital drop at the £362.4m earnings it recorded in its audited accounts for the former yr, that have been printed in January.
The housebuilder had recorded a pre-tax loss within the first part of the yr because of construction protection provisions and lowered transactions, however in its newest replace it stated it anticipated to record a “more potent 2d part efficiency”, attributed to transactions in recognize of its three way partnership scholar construction in Glasgow, introduced closing month, and a construction partnership introduced in August.
It expects to record adjusted running benefit “in keeping with present marketplace expectancies”.
