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Summix Capital Proposes New Edinburgh Scheme

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

Summix Capital Ltd has submitted plans to build a £15 million student development in Edinburgh.

The proposed 198-bed scheme will feature 208 cycle spaces and will be made up of both cluster flats and studios.

It will also come equipped with community and office space, student common areas and laundry facilities.

If granted planning permission, the development is expected to create 85 jobs.

Summix Capital is expecting the number of full-time students in the city to increase by 14% by 2022, leading to increased demand for student bed spaces.

Commenting on the plans, the company said: "We are delighted to submit this application for high-quality student accommodation which will serve to redevelop a location in previous commercial and industrial use."

"Given the high sustainability of the location there is no requirement for car parking spaces beyond those for the City Car club and disabled spaces, and we are ensuring that there is excellent provision of bicycle spaces."

"The development also serves to address the increasing demand for student accommodation, fulfilling the ambitious growth plans of universities in the city, which are key drivers of the economy. This also helps to reduce pressure on the private housing market as well as delivering a substantial amount in additional expenditure into the local economy."