THE first tenants of a new community in Aberdeen built specifically for the rental market have moved in.
Forbes Place by Dandara Living is the first private rental scheme (PRS) to be developed in the city, constructed in response to high-demand for homes for lease which provide security of tenure.
The development, which features 276 apartments and 16 townhouses, has been nominated for three awards at the UK round of the International Property Awards.
Forbes Place attracted more than 600 enquiries from prospective tenants, and more than 50% were pre-let before the first properties were completed.
It was purchased LaSalle Investment Management before construction began, in July 2015, and is being managed by Dandara LivinG.
Dandara Living lettings manager, Mandy Anderson says: “Forbes Place replaces the need for companies and people who move from location to location to rely on hotel accommodation to provide the higher standard of living they demand.
“Tenants do not need to worry about receiving an unexpected notice to leave their apartment or townhouse because the landlord has decided to sell the property – a tenancy at Forbes Place lasts as long as you need it to.”
News Source: Project Scotland