Aberdeen Standard snaps up two BTR schemes

Lochrin Quay Aberdeen Standard Investments

Aberdeen Standard Investments has invested more than £44m in two build to rent schemes in Leeds and Edinburgh.

The first property is Lochrin Quay, a 113-unit residential block in Edinburgh, which Aberdeen acquired for £27.5m. The new-build property close to the city’s Exchange business district, offers a range of accommodation including studios and one-, two- and four-bedroom apartments, and is already 80% occupied. It is the second residential acquisition for a £2.3 bn multi-sector portfolio.

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