Crosslane Student Developments, part of the Crosslane Group, celebrated the topping out event of The Old Printworks development at 20 Bernard Terrace, Edinburgh, on 29 March 2017. The ceremony was conducted by Jon Stuart, Director of Crosslane Student Developments and Grier Edmead, Contracts Manager, Ogilvie Construction. The total development value of the property is approximately £31 million.
Work on site commenced in January 2016 to develop a new, purpose-built, high specification, city centre scheme, comprising 44 studios and 193 cluster flat bedrooms ranging from three to nine bed clusters. In addition, there will be high quality communal facilities including a common room, meeting space, laundry facilities, gym and bike storage.
The high specification scheme, due for completion in August 2017 in time for the 2017/2018 academic year, is in an ideal location amidst the popular student hub of Edinburgh, being just a short walk to the University of Edinburgh campus and close to the historic Royal Mile, in the heart of the city centre.
Edinburgh has 49,900 full time students and the University of Edinburgh is ranked in the top 20 of The Sunday Times and The Guardian university league tables.
Commenting on the event, Jon Stewart, Director of Crosslane Student Developments, said:
“We are on track and on budget for The Old Printworks development at 20 Bernard Terrace, Edinburgh. We continue to assess potential opportunities to further grow our successful student accommodation business in the UK and Edinburgh itself, a city with strong supply/demand fundamentals for purpose-built student accommodation.”
Grier Edmead, Contracts Manager, Ogilvie Construction, said:
“This is a key milestone in the project, which is making excellent progress and will complete this summer. Our team has extensive specialist experience in building student accommodation and continues to work closely with Crosslane to deliver a building of the highest quality.”
