Moorfield - Scotland, Moorfield Group buys Quartermile in Edinburgh
Date: 25 Sep 2013
Moorfield Group buys Quartermile in Edinburgh
Moorfield Group has bought the Quartermile mixed-use redevelopment in Edinburgh, in a 'multi-million pound' purchase. No precise figure has been given.
Quartermile is a redeveloped 19-acre site of the former Royal Infirmary in the heart of Edinburgh.
Masterplanned by architects Foster + Partners, the scheme brings together residential apartments, office space, hotels, leisure and retail space.
Moorfield said it now intends to develop the remaining phases of the scheme and realise the investment's full potential.
Charles Ferguson Davie, Chief Investment Officer of Moorfield said: "Quartermile is Edinburgh's most prestigious residential and mixed use offering, and we are very excited by the potential to develop the rest of the scheme. The Quartermile team have done a fantastic job so far and we will aim to continue to focus on the creation of a vibrant community at Quartermile that will appeal to both the existing residents and the future ones that we hope to attract."
Paul Curran, Managing Director at Quartermile said: "We are delighted to have the backing of Moorfield to take Quartermile forward. With almost 500 apartments now sold and a constantly growing business community choosing to locate at the development including the latest tenants Skyscanner, Investec and Marriott, this is a very exciting time for everyone involved at Quartermile."
By William Peterson
Quartermile in Edinburgh