Commercial Property News

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Monday, August 20, 2023

Granton site bought by joint venture partnership

Queensberry Properties Ltd, the joint venture partnership between Buccleuch Property and Cruden Homes has purchased 10 West Harbour Road, Granton Square in Edinburgh from The Shortbread House, owned by Anthony Laing.

Bought for circa 1 million, the 0.67 acre site benefits from planning consent and will be transformed into a residential site for 36 homes, seven of which will be for affordable housing.

Nick Waugh, on behalf of Queensberry Properties Ltd, explained: "The partnership with Cruden Homes allows us to add value and maximise development opportunities where there is a need for housing, on or near commercial sites that we're currently developing. This purchase reflects the improving residential market within Granton."

Queensberry Properties Ltd was represented by City & Wharf whilst Anthony Laing was represented by Ryden.