However, at 30sqm the units were slightly smaller than average and with BTR having no unique planning status in Scotland there was also no reference point at the time of the application. The development included a mix of 2-bed-2-bath units, 1-bed units and studios – which formed a vital component of the accommodation by providing Aberdeen’s highly mobile workforce with a more flexible alternative to hotel accommodation. At the same time, LaSalle Investment Management were actively seeking opportunities in Scotland having identified the residential BTR sector as an investment target and the two companies began exploratory discussions shortly thereafter.Īchieving consent for the new proposed scheme was not without its challenges.
In 2014 Dandara were already in discussion with Aberdeen City Council to convert the 5.5-acre Forbes Place site from residential housing to a high quality BTR apartment scheme. Originally master-planned for 576 residential units with ancillary commercial space including a 464 sqm Marks & Spencer Food Hall and Café and 170sqm Co-Operative food store, the Stoneywood site received planning in 2012. Located approximately two miles south east of Aberdeen International Airport and the headquarters of BP and Schlumberger, the development occupies a 5.5-acre site within the Stoneywood Estate – a strategic 90-acre site acquired by Dandara in 2010.
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