Housing charity in property deal

Published: 07 May 2018

LAR has closed a deal with Manchester based MCR Property Group to buy 40 units at Chesser House on the city’s Gorgie Road and this follows its record-breaking deal in January this year at Westwood House, just next door.

The Fife based organisation, which was set up two years ago to provide much needed mid market rental properties across Scotland, has agreed to purchase the units for an undisclosed sum.

We’re delighted to have secured this building to be able to offer more quality, affordable homes in Edinburgh.

Ann Leslie, Chief Executive, LAR

 

Chesser House is a former 1970s office block and this deal is LAR’s second biggest to date in terms of costs and number of properties.

Nick Lake of MCR Property Group commented: “We hope that the conversion of Chesser House will be the first of many projects for MCR in Scotland and we are delighted to have partnered with LAR to deliver 40 much needed affordable homes for Edinburgh..." 

Full story via SBNN news

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