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Real estate industry

Forthquarter Development Completes 150-Unit Mixed-Tenure Housing Project in Edinburgh

Strategic Insights

— 1 min read

The Scottish Government has celebrated the completion of the Forthquarter development, a 150-unit mixed-tenure housing project that forms part of the regeneration of North Edinburgh. The GBP18 million scheme, comprising 90 flats for social rent and 60 apartments sold on a shared equity basis, was made possible through a collaborative arrangement involving prominent housing organisations, the City of Edinburgh Council, and the Scottish Government. The development meets a significant portion of Edinburgh's demand for affordable housing, with all homes built to high-quality specifications.

Key Takeaways:

  • The Forthquarter development provides 150 new homes, including 90 for social rent and 60 sold on a shared equity basis, in North Edinburgh.
  • The GBP18 million scheme was made possible through a collaborative arrangement involving prominent housing organisations, the City of Edinburgh Council, and the Scottish Government.
  • The development meets a significant portion of Edinburgh's demand for affordable housing, with all homes built to high-quality specifications.
  • The project received GBP8 million of government funding and was developed through the Scottish Government's LIFT programme.
  • 60 homes have been sold to people on low incomes through the Scottish Government's Shared Equity scheme.
  • The project demonstrates the positive impact of Government intervention in the housing market, with all properties sold by the end of December 2009.
  • Forthquarter is Edinburgh's largest new build shared equity project to date, developed through the Scottish Government's LIFT programme.
  • The development includes 16 homes which are fully wheelchair accessible, providing inclusive housing for local residents.

Statistics:

  • GBP18 million: the value of the Forthquarter development.
  • 150: the number of new homes provided by the development.
  • 90: the number of flats for social rent.
  • 60: the number of apartments sold on a shared equity basis through the Scottish Government's Shared Equity scheme.
  • 16: the number of wheelchair-accessible homes.
  • GBP8 million: the amount of government funding received by the project.
  • 2007: the year the development originally started on site.
  • May 2008: the month a fire destroyed the timber frame superstructure.
  • October 2009: the month the project completed on schedule.
  • GBP44m: the amount directly supporting the affordable housing sector in Edinburgh this year.

Sources:

  • Ministry of Housing and Communities
  • Edinburgh Government
  • Places for People
  • West Granton Housing Co-operative
  • Dunedin Canmore Housing Association
  • Lothian Homes
  • Scottish Government
  • Hart Builders

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