Building Briefs - May 3rd

Housing charity LAR has completed its second deal this year for a development in Edinburgh.

LAR has closed a deal with Manchester based MCR Property Group to buy 40 units at Chesser House on the city’s Gorgie Road.

The acquisition follows its record-breaking deal in January this year at Westwood House, just next door.

The Fife-based organisation, which was set up two years ago to provide much needed mid-market rental properties across Scotland, has agreed to purchase the units for an undisclosed sum.

Chesser House is a former 1970s office block and this deal is LAR’s second biggest to date in terms of costs and number of properties.