At the same time, LaSalle Investment Management were actively seeking opportunities in Scotland having identified the residential BTR sector as an investment target and the two companies began exploratory discussions shortly thereafter.Īchieving consent for the new proposed scheme was not without its challenges. In 2014 Dandara were already in discussion with Aberdeen City Council to convert the 5.5-acre Forbes Place site from residential housing to a high quality BTR apartment scheme. Originally master-planned for 576 residential units with ancillary commercial space including a 464 sqm Marks & Spencer Food Hall and Café and 170sqm Co-Operative food store, the Stoneywood site received planning in 2012. Located approximately two miles south east of Aberdeen International Airport and the headquarters of BP and Schlumberger, the development occupies a 5.5-acre site within the Stoneywood Estate – a strategic 90-acre site acquired by Dandara in 2010. North East Scotland Green Freeport Overviewįorbes Place is Scotland’s first institutionally funded Build to Rent (BTR) development, comprising 292 apartments over four blocks and 16 three-storey townhouses.

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