<\/p>\n
Rented homes to be built at Edmonstone<\/p>\n
Housebuilder\u00a0Avant Homes\u00a0has secured its first private rented sector (PRS) transaction in Scotland after agreeing a \u00a310.8 million deal with an investment fund.<\/p>\n
Thriving Investments is acquiring 41 units from Avant at its 312-home Edmonstone Village development in Edinburgh for renting at mid-market rents on behalf of its New Avenue Living fund in Scotland. The transaction is the first between the two organisations.<\/p>\n
Avant Homes, which has its Scotland head office in Edinburgh, is committed to implementing a multi-tenure strategy.<\/p>\n
Edmonstone Village benefits from enhanced sustainability credentials as all homes at the development will be powered by a district heating system, operated by Vital Energi.<\/p>\n
Edmonstone Village has a gross development value of \u00a387m and is located off Old Dalkeith Road.<\/p>\n
Avant Homes partnerships director, Colin Connell, said: \u201cAs a socially conscious fund manager, Thriving Investments is an excellent first PRS partner for us to have.<\/p>\n
\u201cWe are both aligned in delivering sustainable homes and creating new communities which is precisely what we are doing at Edmonstone Village.<\/p>\n
\u201cWe intend for this to be the first of many deals that we do in Scotland with a range of PRS providers. Doing so will enable us to ensure we can create greater access for more people to our range of quality, energy efficient new homes.\u201d<\/p>\n
This latest news follows soon after Avant Homes announced it is delivering 52 new homes for East Lothian Housing Association (ELHA) at Blindwells, near Tranent, after agreeing a \u00a310.6m deal with the affordable housing provider.<\/p>\n
Thriving Investments\u2019 fund manager, Ed Crockett, said: \u201cThis acquisition is a strong fit for our New Avenue Living fund in Scotland.<\/p>\n
\t #Avant #Homes #rental #deal #fund #manager #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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