Maslow Capital has completed a £63m development loan which will support the development of New Eidyn, a new prime residential development, featuring 152 apartments, within Edinburgh’s wider St James Quarter regeneration project.
St James Quarter is one of the most significant city centre transformations currently underway in the U.K.
It is a new quarter for the city, with a new shopping galleria housing 80 new brands, an enticing mix of restaurants and bars as well as a luxury W Edinburgh hotel, a boutique Everyman Cinema, and a Roomzzz Aparthotel still underway.
With the entire shell and core of the building already complete, Maslow’s loan will support all of the internal works associated with the 152-unit residential development.
The scheme which is being developed by Nuveen Real Estate and QPL, is a prime example of city-enhancing place-making and will be a unique and inspiring place to live in and visit.
New Eidyn will comprise three distinct buildings that will sit on the fifth to eighth floors of the St James Quarter development, above the retail galleria and adjacent to other amenities such as the W Edinburgh hotel, Everyman Cinema and Roomzzz Aparthotel.
Matt Pigram, partner and head of deal origination at Maslow Capital, said: “Maslow Capital are delighted to support Nuveen Real Estate and QPL with the delivery of their ambitious project. Set to complete in Q3 2022, New Eidyn will add 152 well placed apartments to Edinburgh’s iconic city centre, creating a brand new neighbourhood which is surrounded by top class amenities.”
Adam Shelley, treasurer at Nuveen Real Estate, said: “The support from Maslow Capital will enable us to introduce a world-class, modern, city centre living ethos to Edinburgh in the residential element of St James Quarter, and the nearby transport links and close proximity to Edinburgh’s many cultural and leisure amenities will provide residents with the ultimate central and connected city centre living experience.”
