Developers London & Scottish and GSS acquire site at Haymarket Yards for £1.62 million

London & Scottish developments, the development arm of London & Scottish Property Investment Management (LSPIM), and GSS Developments have acquired a disused site on a former railway goods yard at Haymarket station in the centre of Edinburgh for £1.62 million. The two businesses have formed a joint venture company, Ladybank Developments, to deliver the project.

The 0.43-acre site is less than two minutes’ walk from Haymarket station, which has recently undergone a £25 million regeneration. The area is currently undergoing extensive transformation, with the current office development being led by M&G Real Estate along with emerging proposals for Rosebery House by Aviva Investors.

The site already has planning consent for a 91-bed student housing development. However, a variety of propositions are currently under consideration.

Andy Richardson, Group Development Director at London & Scottish, said: “We are delighted to have exchanged contracts on this site, and through our joint venture, Ladybank Developments, are looking for further opportunities. We were attracted to Haymarket Yards because of its prime location in the expanding West End, its excellent communications and its infrastructure. Edinburgh airport is only 15 minutes away and there are excellent rail links to London, Glasgow, and cities on the East Coast Line.

“Having developed and sold two high-end student residences in Leeds and Sheffield earlier this year for £90 million, we saw the potential for this site as purpose-built student accommodation. However, recent developments in the surrounding buildings mean that there may be other attractive uses for the site. We intend to discuss the possible options with Edinburgh City Council in due course.”


Our Other Titles


Peel Tech Expands into Glenrothes

PEEL Tech, the revolutionary and innovative filtration system business, has relocated to Fife, with help from InvestFife's Business Property Team. It has...

Snack sales surge by 8% driving PepsiCo sales up by 5% in Q3 2020 as Coca-Cola reports a 28% decline in revenue

ACCORDING to the research data analyzed and published by, PepsiCo's net sales surged by 5.3% to $18.09 billion. Its net profit increased...

Over 100 new, affordable homes transform East Kilbride

DEVELOPERS Swan Group and construction firm The JR Group, came together to complete a new social housing development of 105 homes at...

Barclays LifeSkills announce charity partnerships to help all generations remain and progress in the workforce

Over 11 million young people have already participated in LifeSkills since it launched 7 years ago  BARCLAYS LifeSkills has...

Cambrex Completes Major Expansion of Solid Form Screening Facility in Edinburgh

CAMBREX has announced the expansion of its solid form screening and crystallization process development facility in Edinburgh. The expansion project has seen...