Edinburgh firm partners with Singapore investor on UK housing

Summarised from The Herald's report · Updated 15 Oct, 08:20 · Archive

Edinburgh-based Ediston has partnered with Singapore's 42 Capital Partners to fund rental homes across Scotland and the UK.

An Edinburgh-based investment and development company, Ediston, has formed a partnership with Singapore's 42 Capital Partners to address Scotland's housing emergency by attracting international investment for rental housing. The alliance will aim to raise an initial £150 million to £200 million by matching Singapore and South-East Asian funding with UK investment partners, local authorities and public sector organisations.

Over five to seven years, Ediston hopes to attract £1 billion to £2 billion into its Living platform, potentially providing up to 8,000 new homes across the UK. The company already has a pipeline of over 2,000 units and recently acquired a site near Edinburgh's BioQuarter for new rental homes. Ediston's chief executive said the partnership aims to create reliable, sustainable housing funding to deliver homes more quickly in response to local authority housing emergencies.

Read the report

• Edinburgh firm turns to Singapore to help tackle Scotland's housing emergencyAn Edinburgh-based investment and development company has formed a new alliance in South-east Asia to help tackle Scotland’s housing emergency.The Herald · 15 Oct, 04:31

In this story: Ediston · 42 Capital Partners · Singapore · Scotland · Edinburgh · Daniel O'Neill

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