THE revamp of the iconic Donaldson’s college building in Edinburgh has moved a step closer with a £14.2 million funding boost.
The loan package from Royal Bank of Scotland means the next stage of the building’s conversion into 100 apartments can get under way.
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The building was built in the 1840s by renowned architect, William Henry Playfair and is now a category-A listed property.
Playfair is considered one of the greatest architects of the 19th century, designer of the capital’s neo-classical landmarks in the New Town, helping it earn the moniker "Athens of the North".
It was formally a specialist school for deaf children which has subsequently been relocated to Linlithgow in 2008.
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The one, two and three-bed apartments are designed to create interesting contemporary interiors with fantastic panoramic views across Edinburgh, overlooking an attractive internal courtyard with sweeping lawns leading to period gate lodges.
Prices are expected to range from £250,000 to £2,500,000.
Developer City & Country, a joint venture between UK and European Investments Limited and City & Country, will use the funding to progress the first two phases the building’s conversion into 110 apartments in the iconic Playfair building together with two gate lodges.
Helen Moore, of City & Country said: “After having lain empty for so many years, it is wonderful to see this iconic building being brought back into beneficial use, for both current and future generations to enjoy."
The aim is to launch with a show home prior to Christmas with first occupations in the Spring.
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