John Lewis sells Edinburgh warehouse to BTR developer

Platform_ has acquired a former John Lewis warehouse site in Edinburgh for its first build-to-rent scheme in the city. The developer has exchanged contracts with the John Lewis Partnership to purchase the 4.8-acre site on Bonnington Road Lane, two miles north of the city centre, unconditionally. The site has planning permission in principle for 220 flats and includes the 58,000 sq ft former distribution depot. Platform_ will submit a new planning application for a higher-density scheme, but has yet to begin this process. The warehouse was previously under offer to developer Artisan Real Estate Investors, but the sale fell through last