The McEwan development completes with 139 new homes and amenities at the city’s top rated rental neighbourhood
The McEwan, the 476-home rental neighbourhood in Edinburgh’s historic Fountainbridge district has marked the completion of its final phase.
Located on the site of the former McEwan’s Brewery, Moda, The McEwan is rated the number one BTR neighbourhood in the city on BTR review site Homeviews, with 139 new homes opening the doors to their new residents.
Spanning 140,000 sq ft, the completed development offers 15,000 sq ft of best-in-class amenities, including a 24/7 gym and fitness centre, private dining room, co-working spaces, cinema room, and rooftop terraces with sweeping views of Edinburgh Castle – all included as part of the monthly rent.
Located in the heart of the capital, The McEwan is conveniently located within walking distance of Haymarket station, the city centre and several major universities, offering excellent connectivity for residents studying or working in Edinburgh. The development was also the first building in Europe to achieve the highest, 3-star Fitwel rating, demonstrating Moda’s commitment to maximising the health and wellbeing of its residents and the wider Edinburgh community.
The neighbourhood was the first development in Scotland to be brought forward by Apache Capital with its investors Harrison Street and NFU Mutual and as part of the prime BTR JV with Moda Living. Robertson Construction Central East has completed the final phase of the remaining 139 high-quality rental homes. These add to the existing mix of studios, one-, two- and three-bedroom apartments, ideal for a mixed demographic who make renting their tenure of choice.
Delivery of the neighbourhood’s second phase generated £32.8m of social, local and economic value, with almost £17m spend with SMEs and £18m spent with a local supply chain. The build generated 419 weeks of on-site apprenticeship training, with 244 local people employed on the site. Robertson also achieved the highest possible Considerate Constructors Scheme score while on site, with a 45/45.
Both phases of the neighbourhood were funded by Apache Capital with its investors Harrison Street and NFU Mutual.
Jamie Snary, Executive Director Asset Management and Operations at Apache Capital said: “The McEwan is another exemplar BTR asset forming part of our prime regional portfolio, bringing another 139 homes into operation adding to the 6,000 units which are either operational or in the development pipeline. Alongside welcoming our new residents we have also secured the first commercial occupiers including a convenience-led retailer which will be opening imminently.”