Avant Homes buys land to deliver £71m Edinburgh development
Housebuilder Avant Homes has acquired a 20-acre site at the Edmonstone Estate paving the way for 312 new homes as part of the wider Edmonstone residential development scheme.
The Edmonstone scheme, which has been masterplanned by Alba Developments, plans to create more than 700 new-build homes for the area across the 68-acre former Edmonstone House and Estate.
Subject to planning the development is set to be named The Lanes at Edmonstone Estate and the £71 million development will form part of the first phase of new build homes at the site. The housebuilder has also committed to a community contribution of more than £1.8m to support local education provision.
The 312-home development is located off The Wisp and neighbours the leading global bioscience destination, Edinburgh BioQuarter, and the local nature reserve at Little France Park.
The Lanes at Edmonstone Estate will feature a mixture of 227 private and 85 affordable homes. The types of properties available will include two-bedroom apartments and two, three, four and five-bedroom semi-detached and detached homes across 14 of Avant Homes’ signature design-led house designs.
The first homes estimated to be ready for occupation autumn 2022.
Avant Homes Scotland managing director, Gerry Leitch, said: “The Lanes at Edmonstone is an incredibly exciting new development for us, and will support the high demand for the delivery of much-needed homes in a prime location.
“This marks a significant acquisition for us and extends our presence in a key location in the East of Scotland and we’re very pleased to be delivering a landmark development that will be part of the former Edmonstone Estate.”
Avant Homes Scotland currently has 13 developments under construction stretching from Stewarton to Dundee.