Gorgie Road, Edinburgh

Sector Property
Deal Type Realisation
Initial Investment September 2015
Transaction size £19m
Location Edinburgh
Maven Office London/Glasgow
The mill house logo

In September 2015 Maven entered an agreement with a Singapore-based Investment Fund to act as the asset manager on a new student accommodation development on Gorgie Road, Edinburgh. The £19 million new-build development opened in time for the 2017/18 academic year and comprises of 227 en-suite clusters, 30 studios, and 1 ground floor retail unit.

There are an estimated 34,000 students in Edinburgh who do not have access to university halls of residence or purpose-built accommodation. The building provides an excellent location for students, en route to the city centre from Heriot-Watt University campus at Riccarton and Edinburgh Napier University’s Sighthill, Craiglockhart and Merchiston campuses.

In August 2018 The Mill House was sold for £25.1 million to the Malaysian pension fund Kumpulan Wang Persaraan Diperbadankan (KWAP).

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