The Scottish National Investment Bank is investing £19.5 million of equity to help deliver 370 single-family build-to-rent homes at Little France in south-east Edinburgh, close to the Royal Infirmary of Edinburgh and the city's BioQuarter.

The funding, provided through a partnership with Hunter REIM and Ediston Real Estate, will see the scheme built on the former Edmondstone Estate. In total, 241 homes will be for private rent and 129 will be affordable, expanding the supply of high-quality housing in a well-connected location.

Homes are to be constructed using advanced timber techniques to Passivhaus standards, with a new community heat network supplying low-carbon heating and hot water to cut emissions and help lower running costs over time.

Plans include extensive green space and around 3km of walking and cycling routes, improving links to neighbouring communities across south-east Edinburgh.

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Construction is expected to begin by the end of the year, with the first completions from early 2028. The Bank said the deal underlines how patient capital can support well-planned growth by creating energy-efficient homes connected to jobs and services, and fostering long-term community prosperity.

Andy Mallin, Investment Director, said: "Quality rental homes are key to supporting workforce mobility, so this development – near Edinburgh's Bio Quarter and major employers – is extremely well-placed. Scotland's housing challenges require urgent and meaningful intervention. This investment is an important step in increasing the supply of high-quality, sustainable homes, supporting economic growth and building stronger communities for the future."

"This is the first joint venture formed by the Bank. We are pleased to partner with Hunter REIM and Ediston, helping attract much-needed capital to Scotland."

Andrew Moffat, Managing Director at Hunter REIM, said: "Little France is an important development for the city, providing a mix of private and affordable homes in a location close to the Bio Quarter, Edinburgh Royal Infirmary and other major employment centres."

"We are particularly pleased that the development combines high-quality design and sustainability with a long-term rental model, creating a new neighbourhood that will provide high-quality homes for residents for many years to come."

Danny O'Neil, CEO at Ediston, said: "Hunter REIM and Ediston are working with the Scottish National Investment Bank and our other partners to deliver much-needed, high-quality rental housing in Edinburgh. The project is one of a number that our Living Platform will deliver and manage in Scotland and which has a pipeline of over 2,000 homes."