Puma Property Finance provides loan for 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 energy efficient accommodation for a variety of occupiers. This development will form the first phase of the wider 700,000sq.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.

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.

Tim Stevenson, director at GSS, said: “We are delighted to have obtained the support of Puma for the delivery of our first set of units at EDI Approach. This site is going to provide much needed modern industrial BREEAM Excellent buildings to the Edinburgh occupational market.

“The strategically located site at Newbridge sits minutes from the M9/M8 intersection providing unparalleled road connectivity across Scotland’s Central Belt. We have found the Puma team very positive partners who are pragmatic in their approach, which made the entire funding process a very smooth experience.”

Rahul Malde, director at Puma Property Finance, added: “We’re delighted to support GSS Developments with this loan facility to bring forward a landmark low-carbon industrial & logistics scheme in a key strategic location near Edinburgh Airport and the City of Edinburgh.

“EDI Approach exemplifies the kind of high-quality, sustainable development we are committed to financing, delivering modern, energy-efficient accommodation that meets the evolving needs of occupiers. This marks our first industrial development loan in Scotland and our first partnership with GSS, who have been a pleasure to work with from the outset of this financing.”