Funding / Real Estate
INVESTING Individual Investor Financial Adviser Institutional Investor FUNDING Entrepreneur Real Estate
Reading time: < 1 minute

Octopus funds Edinburgh Marina site acquisitions with £10m loan

19 Jul 2018 By Octopus Real Estate

We’ve agreed to provide Edinburgh Marina Ltd, owned by an established family office, with a £10 million commercial bridging loan. This is for the acquisition of six freehold plots that form part of the Granton Harbour Estate and will form the heart of the new Edinburgh Marina development. 

The proposed scheme is one of Europe’s largest redevelopments and shows our commitment to lending outside of the South-East.

Totalling c. 19 acres, planning consent has been granted for a 340-berth marina and more than 100 retirement living apartments. Detailed planning is expected imminently for 440 residential apartments, a 187-room hotel with a 20,000 sq ft spa & fitness centre and a 10,000 sq ft conference and banqueting facility. 

Ideally located less than three miles from Edinburgh city centre and under 20 minutes’ drive from Edinburgh Airport, Granton Harbour forms part of the 346-acre Edinburgh Waterfront site, one of Europe’s largest redevelopment sites that stretches for two miles along the Firth of Forth and which will provide up to 7,500 new homes. 

John Charcol acted as broker and PIP Asset Management acted for Edinburgh Marina Ltd.

We’ve agreed to provide Edinburgh Marina Ltd, owned by an established family office, with a £10 million commercial bridging loan. This is for the acquisition of six freehold plots that form part of the Granton Harbour Estate and will form the heart of the new Edinburgh Marina development. 

The proposed scheme is one of Europe’s largest redevelopments and shows our commitment to lending outside of the South-East.

Totalling c. 19 acres, planning consent has been granted for a 340-berth marina and more than 100 retirement living apartments. Detailed planning is expected imminently for 440 residential apartments, a 187-room hotel with a 20,000 sq ft spa & fitness centre and a 10,000 sq ft conference and banqueting facility. 

Ideally located less than three miles from Edinburgh city centre and under 20 minutes’ drive from Edinburgh Airport, Granton Harbour forms part of the 346-acre Edinburgh Waterfront site, one of Europe’s largest redevelopment sites that stretches for two miles along the Firth of Forth and which will provide up to 7,500 new homes. 

John Charcol acted as broker and PIP Asset Management acted for Edinburgh Marina Ltd.

Related articles

PIC invests £200 million in the UK retirement villages joint ventures with Octopus Real Estate
News
12 Jul 2022

PIC invests £200 million in the UK retirement villages joint ventures with Octopus Real Estate

Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension schemes, today announces it is making a £200m equity investment to fund the development and operation of around 10 new retirement communities across the country. The Fund, Senior Living Investment Partners, is a joint venture between PIC and leading specialist real estate lender and investor, Octopus Real Estate
Our new partnership with Homes England, Greener Homes Alliance
News
21 Oct 2021

Our new partnership with Homes England, Greener Homes Alliance

Octopus Real Estate have partnered with Homes England, the Government’s housing delivery agency, to create the Greener Homes Alliance. The new Alliance commits £175 million, providing both loan finance and expert support to SME housebuilders, enabling them to build more high quality, energy efficient homes throughout England.
Ground-breaking Ceremony at Brendoncare St Giles View
News
1 Jul 2021

Ground-breaking Ceremony at Brendoncare St Giles View

Benjamin Davis & Michael Toft from the Octopus team recently attended the ground-breaking ceremony to mark the new care home construction of Bredoncare St Giles View in Winchester. It has been custom designed by our healthcare development team for The Brendoncare Foundation who will lease and operate the new home.
Share