September 21, 2016 Regina Copado

Forbes Place signals new age for property rental in Aberdeen

The first tenants of a new community built specifically for the rental market have moved in, as the doors to Forbes Place by Dandara Living at Stoneywood have opened for the first time.

Forbes Place is the first private rental scheme (PRS) to be developed in Aberdeen, constructed in response to continuous high-demand for homes for lease which provide security of tenure.

Quality rental accomodation

The development has been nominated for three awards at the upcoming UK round of the International Property Awards, receiving nods in the Residential High Rise Development, Apartment/Condominium and Development Marketing categories.

Forbes Place features 276 apartments and 16 townhouses, all fully furnished and available for rental only, offering tenants reliable and luxurious accommodation within a community focused neighbourhood.

Built to Dandara’s award winning standard, 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 by global property leader LaSalle Investment Management before construction began, in July 2015, and is being managed by Dandara Living.

Security of tenure

Forbes Place addresses a significant shortfall in quality rental accommodation in the city. Providing mobile professionals, those who cannot afford to buy a home but want to secure a high standard of accommodation, and companies seeking to reduce their reliance on hotel rooms and privately-owned, rental properties.

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.

A one bedroom apartment at Forbes Place

A one bedroom apartment at Forbes Place

Forbes Place includes studio, one and two bedroom apartments, as well as exclusive three-bedroom townhouses which are located just minutes from the city centre and available from £660 per month. Tenants at Forbes Place will benefit from having a management team on-site, with secure parcel receipt and temperature controlled grocery storage available.

The Stoneywood community is within 10 minutes of Aberdeen International Airport, and just a short walk from local transport links to the city centre. It also features a Co-operative supermarket, with a Marks and Spencer Simply Food store due to open soon.

Dandara is nominated for a total of nine awards in the UK round of the prestigious International Property Awards for its developments across the UK, with winners due to be announced at a ceremony in London next month.