Moda wins approval for Edinburgh build-to-rent scheme

Developer Moda has won planning approval for the last phase of 139 apartments in a 500-home build-to-rent development in Edinburgh.

The scheme, at the Springside development of purpose-built rental homes on the former Scottish & Newcastle brewery site in Fountainbridge, will rise to six storeys and include a lounge and co-working space. The site was purchased from Grosvenor in March 2017.

Moda says it is looking to begin construction at the start of next year, backed by its partner Apache Capital. The two firms together claim a pipeline of more than 7,500 apartments on sites with a development value of £2bn.

Tony Brooks, co-founder and managing director at Moda Living, said: “We are committed to delivering this landmark scheme despite the current political climate as it provides much-needed, high-quality rental homes that will help support the city’s long-term growth and further encourage employment and student retention.”