Loan to fund urban logistics development near Edinburgh Airport

Overview

A loan to GSS Developments (Aberdeen) Ltd (“GSS”) to fund the development of a market leading urban logistics development near Edinburgh Airport.

The development, known as EDI Approach, was previously home to the Continental Tyre Factory that shut down in 1999. The site has laid derelict for years until GSS acquired it, delivered the consent for the industrial development and commenced infrastructure works.

The funding will be used to develop 122,000 sq. ft. over 13 units ranging from 4,000 – 20,500 sq. ft. The units will provide high quality, energy efficient accommodation for a variety of occupiers. This development will form the first phase of the wider 700,000 sq. ft. industrial and logistics EDI Approach Masterplan.

The scheme’s sustainability credentials will target both Net Zero Carbon, BREEAM ‘Excellent’ and an EPC rating of ‘A+’ to prioritise energy efficiency and reduce operating costs. It will also include EV charging, all-electric heating and photovoltaic panels.

GSS is private property development and investment company, which originated in Aberdeen in 2000. Over the last 20 years, GSS has expanded throughout Scotland delivering many notable: industrial, office, hospitality, and PBSA developments.

The development is targeting completion in Q3 2026. It represents Puma’s first partnership with GSS. More broadly, Puma continues to build its track record of financing industrial projects nationwide.

Figures are subject to rounding.