A major new residential scheme in Edinburgh has got the backing of real estate finance provider Maslow Capital, in the form of a £63m development loan.
The financing will go towards works on New Eidyn, a development of 152 luxury apartments in the £1bn St James Quarter regeneration scheme.
The shell and core of the development is complete and Maslow’s loan will go towards completing the internal works.
New Eidyn will comprise three buildings that will sit on the fifth to eighth floors of the St James Quarter development, above the retail galleria and adjacent to the W Edinburgh Hotel.
Developers have promised New Eidyn will provide “stunning views, elevated outdoor landscaping and sky gardens”.
Residents will also enjoy “unparalleled” services including a concierge, Nuveen said, adding that the development “will set the standard for city centre living in Edinburgh” when it opens in the second half of 2022.
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