"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"
- Rahul Malde - Puma Property Finance
Puma Property Finance has provided a loan to GSS Developments (Aberdeen) Ltd to support the delivery of a major low-carbon industrial and logistics scheme near Edinburgh Airport.
The development, named EDI Approach, will be delivered in phases and aims to bring 22 high-quality, energy-efficient industrial units to the site of the former Continental Tyre Factory, which closed in 1999. The site, which has remained unused for over two decades, was acquired by GSS, which has since secured planning consent and commenced infrastructure works.
The initial phase will include 122,000 sq. ft. of space across 13 units, ranging from 4,000 to 20,500 sq. ft. in size. These will be designed to accommodate a wide variety of occupiers. The wider EDI Approach Masterplan will total approximately 700,000 sq. ft. of industrial and logistics space when fully delivered.
The scheme will aim to meet a range of sustainability benchmarks. The project is targeting Net Zero Carbon, BREEAM ‘Excellent’ certification and an EPC rating of ‘A+’. The buildings will also feature all-electric heating systems, EV charging points and photovoltaic panels, prioritising operational efficiency and lower running costs.
This is the first time Puma Property Finance has partnered with GSS, and also represents Puma’s first industrial development loan in Scotland. The development is scheduled for completion in the third quarter of 2026.
GSS, a private property development and investment company established in Aberdeen in 2000, has expanded across Scotland with a portfolio including industrial, office, hospitality and purpose-built student accommodation schemes.
Tim Stevenson, director at GSS, commented on the partnership. “We are delighted to have obtained the support of Puma for the delivery of our first set of units at EDI Approach,” said Stevenson. “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, noted the significance of the scheme. “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,” said Malde. “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.”
Puma continues to grow its portfolio of industrial development financing projects across the UK as it builds its presence in the logistics and commercial property sectors.
