The £39.7m GDV brownfield redevelopment, which lies adjacent to the University of Edinburgh’s Kings Building campus, will consist of two buildings providing 257 units, 74% of which will be dedicated studio apartments.
The scheme will feature a gym, communal lounge, laundry facilities and a cinema.
Residents will also have access to secure storage for up to 148 bicycles, as well as landscaped grounds and outdoor seating to promote mental wellbeing.
The design and specifications of the building will include an assortment of energy-efficiency measures, including LED lighting with a passive infrared sensor control to communal areas, an externally super insulated envelope to maximise thermal efficiency and minimise cold bridging of the modular construction, naturally ventilated accommodation spaces, and point-of-use heating to avoid heat loss within the local system.
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Sky Mapson, deal origination at Maslow Capital, said: “Audley Modular Student Living and its team of experienced professionals were a pleasure to deal with on this transaction.
“We are delighted to be involved with a scheme that has such strong ESG credentials and look forward to seeing the scheme built out in time for the 2022 academic year.”
Rachael Gordon, senior associate at Maslow Capital, added: “There continues to be a structural undersupply of PBSA in Edinburgh, with a limited pipeline, particularly in the vicinity of Kings Building campus.
“Maslow Capital is pleased to support Audley Modular Student Living, which is addressing this undersupply, while providing high specification units that are fully capable of improving their resident’s overall university experience.”
Vijay Patel, group operations director at Audley Modular Student Living, commented: "As a PBSA- and PRS-focused developer, it’s extremely important that we partner up with the right development funder.
“Maslow’s support of our modular scheme on Mayfield Road demonstrates both its understanding and commitment to both modern methods of construction, as well as the student market."