The site of the development, known as EDI Approach, had laid derelict for years until GSS acquired it, delivered the consent for the industrial development and commenced infrastructure works.

The funding will be used to develop 122,000 sq ft over 13 units ranging from 4,000–20,500 sq ft. The units will provide accommodation for a range of occupiers.

The development forms the first phase of the wider industrial and logistics-based EDI Approach Masterplan.

The scheme will target Net Zero Carbon, BREEAM ‘Excellent’ and an EPC rating of ‘A+’ with EV charging, all-electric heating and photovoltaic panels.

The development, representing the first partnership between Puma and GSS, is targeting completion in Q3 2026.

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Tim Stevenson, director at GSS, commented: “We are delighted to have obtained the support of Puma for the delivery of our first set of units at EDI Approach.

“This site is going to provide much-needed modern industrial BREEAM Excellent buildings to the Edinburgh occupational market.

“We have found the Puma team to be very positive partners who are pragmatic in their approach, which made the entire funding process a very smooth experience.”

Rahul Malde, director at Puma Property Finance, added: “We’re delighted to support GSS Developments with this loan facility to bring forward a landmark low-carbon industrial and logistics scheme in a key strategic location near Edinburgh Airport and the city of Edinburgh.

“This marks our first industrial development loan in Scotland and our first partnership with GSS, which has been a pleasure to work with from the outset of this financing.”