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London & Scottish and GSS acquire Haymarket site

Haymarket yards

Haymarket Yards with Apex House in foreground and rail line at top

A derelict site close to Edinburgh’s Haymarket station and earmarked for student accommodation may be developed for other purposes.

London & Scottish developments, the development arm of London & Scottish Property Investment Management (LSPIM), and GSS Developments have jointly acquired the 0.43 acre former goods yard for £1.62 million.

It has planning consent to be developed for 91 student rooms, but the buyers are looking at other options as this area is currently undergoing considerable redevelopment.

The two businesses have formed a joint venture company, Ladybank Developments, to deliver the project.

The area is undergoing extensive transformation with a major office development led by M&G Real Estate along with emerging proposals for Rosebery House by Aviva Investors.

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