Places for People has secured land from The Grandhome Trust to develop 84 affordable homes in Grandhome, Aberdeen, fulfilling a crucial need for affordable housing in the region.
Information on the Target
Places for People, the UK's leading social enterprise, has officially acquired land from The Grandhome Trust to develop 84 new affordable homes. This initiative marks the completion of the first phase of the Grandhome project—an innovative community located in Bridge of Don, Aberdeen. As a significant player in the affordable housing sector, Places for People is dedicated to increasing housing availability in Scotland, and this project represents a critical step in fulfilling the urgent demand for affordable housing in the region.
Industry Overview in Scotland
The housing market in Scotland is currently facing a severe crisis, with the Scottish Government acknowledging an urgent need for more affordable housing. Recent statistics indicate a significant shortfall in social and mid-market rental properties, particularly in economically vibrant areas such as Aberdeen. This shortage has intensified the focus on developing sustainable communities that can meet future demands while also enhancing quality of life.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
The Grandhome development stands as a pioneering model within this context, being the only project in the northeast of Scotland adopted by the Scottish Government’s Sustainable Communities Initiat
Similar Deals
State Street → 100 New Bridge Street
2025
CapitalRise → Marylebone Townhouse
2025
Highland Europe and Brookfield Ventures → Plentific
2023
Aldar Properties → London Square
2023
Places for People
invested in
The Grandhome Trust
in 2025
in a Other deal