The project, delivered by S Harrison, will see the construction of a 76-bed development featuring studio rooms alongside a range of amenities including separate study rooms, a multi-media room, a gym, break-out spaces, and cycle storage.
Construction is set to commence this month, with completion scheduled for the start of the 2026 academic year.
The development will incorporate existing architectural elements from the site, showcasing a commitment to preserving the character of the area.
This project marks the latest in a series of PBSA developments for Clark Contracts, with the company having successfully delivered similar projects in Edinburgh, York, and Leeds.
S Harrison is also currently developing another PBSA scheme in Edinburgh, located on East Newington Place, which will comprise 65 studio rooms and is due for completion in summer 2025. Both Edinburgh developments are being forward-funded by Q Investment Partners, a global specialist in purpose-built residential real estate.
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David Clancy, of S Harrison, said "This latest development in Canongate will create more much-needed student accommodation in the heart of one of Europe’s top university cities, opposite the Holyrood Campus of the University of Edinburgh and within easy reach of lots of other key university facilities.
"We’re therefore delighted to appoint Clark Contracts and give this tired and unloved brownfield site a new and sustainable future, with a sympathetic design that contributes towards preserving the character and appearance of Edinburgh’s Old Town Conservation Area."
Michael Scanlan, director of Clark Contracts, added, "This project will combine significant elements of the site’s existing historic buildings alongside a new five-storey building, and the whole development is designed to be highly energy efficient and will utilise the latest green technology.
"We have a strong track record of delivering successful purpose built student accommodation schemes and high-quality projects in sensitive and historic parts of Edinburgh, so we are delighted to have been appointed by S Harrison to deliver this development and look forward to starting work during January."
James Coppack, Head of QIP Development Group, commented: "This second collaboration with S Harrison in Edinburgh, represents another important milestone in our commitment to growing our vertically integrated UK purpose built student accommodation platform.
"Over the past year, we have worked closely with S Harrison to deliver projects that meet the rising demand for high-quality accommodation in key student markets. The Canongate development is a particularly interesting one for us as the site is situated within the Royal Mile, a street that provides a main throughfare of the Old Town of the city. The development encompasses historical preservation through the incorporation of the former walls and workshop building, whilst providing a best-in-class scheme that complements its local context."
