This deal is a vital component of the realisation of our ambitious masterplan on the the 42 acre site at Edinburgh Park in the west of the city. Edinburgh Park boasts exemplary transport links with two tram stops, a train station, bar/café, sports, leisure and office facilities as well as performance space, a sculpture trail and commitment to the arts.
Edinburgh-based S1 Developments, founded in 2007 and led by brothers Dan and Shane Teague, has won a series of national awards including most recently Scottish Home Awards 2023 ‘Housebuilder of the year’ and ‘House of the Year’.
S1 will develop the residential homes for sale at Edinburgh Park as part of Parabola’s masterplan to create a new urban quarter that will not only become an exciting place to live and work, but also a cultural destination and creative campus for Edinburgh.
Commenting on the sale Peter Millican OBE, owner and Chairman of Parabola said: “Parabola is delighted to announce that S1 Developments will be building and marketing the apartments for sale at Edinburgh Park. We have been struck by S1 Developments bespoke approach, exceptional knowledge of the Edinburgh market and real attention to quality which has been recognised by S1 Developments unparalleled recognition through so many national awards.
“The start of the residential element of Edinburgh’s newest quarter is a significant milestone in the delivery of Parabola’s vision. We are so pleased that S1 Developments share our passion and commitment to realising an exemplary community.”
Dan Teague of S1 Developments added: “S1 Developments has a reputation for successful newbuild and conversion projects in Edinburgh’s most exclusive and challenging locations. We are looking forward to delivering another exceptional scheme at Edinburgh Park which will feature the hallmarks of S1 Developments approach. We are hugely excited to be a part of such an exemplary masterplan and to add to the momentum of the exciting announcements coming out of Edinburgh Park. Parabola have had the vision to masterplan a new quarter where the focus is on design and quality the likes of which is so often lacking in new build offerings in our city.”
Tony Hordon, Managing Director of Parabola said: “With the support of our advisors Savills and Justin Lamb Associates, we embarked on a considerable exercise last year to identify a partner to help deliver the residential piece of our masterplan. Through this exercise we had a number of expressions of interest, however it was clear, S1 were just perfectly aligned to our group, our passions and ambition for EP. It was just comforting and energising to deal with the S1 group, who we have no doubt, will deliver something quite special, as their track record supports.”
