Scotland’s seven cities have launched their PRS prospectus to prospective investors at MIPIM UK.
The Scottish Cities Alliance says it can work closely with developers and points to Government policy developments encouraging further investment into PRS and build to rent, alongside its partners Homes for Scotland.
It highlights Dundee, where the city council owns the vast majority of land in the waterfront, as an opportunity for investors.
Successful examples so far included Lasalle Investment Management forward purchasing 292 homes at Forbes Place Stoneywood in Aberdeen from a developer, and Fountainbridge, where Edinburgh City Council has kept its investment in EDI Group’s PRS scheme.
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Keith Brown, cabinet secretary for economy, jobs and fair work, said: “Scotland continues to lead the way in the UK in developing innovative financial models, such as the PRS rental income guarantee, which is attracting large-scale investment and accelerating the supply of new homes across the country.”
The chairman of the Scottish Cities Alliance, councillor Andrew Burns, said: “We are supporting the development of our increasing Build to Rent sector in Scotland through our proposition development and ongoing collaborative work to achieve delivery of investible Build to Rent housing projects across our cities and regions.”
