Artisan Real Estate has received planning approval from The City of Edinburgh Council for its 256 low-carbon homes and commercial space development at 525 Ferry Road, Edinburgh. 

Artisan, in conjunction with fund manager REInvest Asset Management S.A., will redevelop the former Deutsche Bank House into a new residential neighbourhood providing 256 sustainable homes, 25% of which will be for affordable housing. Flexible commercial space facing on to Ferry Road will provide potential for cafes, shops and shared workspaces.

David Westwater, Artisan Real Estate’s ’s Regional Director for Scotland, said: “This is a hugely exciting opportunity to breathe new life into an underused site, whilst ensuring its long-term future by bringing a new sustainable community to an accessible city centre location.

“Following the consultation feedback, we have worked hard to make this development not just the right fit for the site but also an integral part of the wider city centre area. We have reduced the heights of the building from nine to seven storeys and ensured the overall architectural design and materials to respect local and historical contexts."

More than two thirds of the development area will be made up of high-quality green spaces - including a large central communal garden as well as biodiverse green roofs and a ‘wetland’ area.

Thomas Merkes, Head of Asset Management at REInvest Asset Management S.A. said: “Our joint venture partnership with Artisan represents a major step forward in providing an innovative and collaborative mixed-use development solution to unlock the potential for this significant city centre site, which is set to create a genuinely transformational development in an accessible city centre location.”