Octopus Capital opens its first affordable-homes development in Scotland
- By editor
- Jul 9
- 1 min read
Octopus Capital, a specialist real-estate investor, has officially opened its first Scottish affordable-housing development at The Pines in Wallyford, East Lothian.
This marks two significant milestones for the company: its first development in Scotland, and its 1,000th affordable home delivered through the Octopus Affordable Housing Fund (OAHF).
The OAHF deploys long-term capital to accelerate the delivery of affordable homes across the UK. Octopus Capital says it is among a small number of UK investors to reach the 1,000-home milestone, and that this underlines the scale and pace of its commitment to addressing the UK's housing gap.
The Pines comprises 87 homes in total, with Octopus Capital providing 28 two, three, four and five-bedroomed, mid-market rented homes, all let within the local housing allowance rental levels.
The homes have been delivered by Dandara, and the development has been supported by the Scottish National Investment Bank.
Jack Burnham, head of affordable housing at Octopus Capital, said:
“Reaching 1,000 homes is a landmark moment for the OAHF and Octopus Capital, and we’re delighted it coincides with the handover of our first homes, in East Lothian.
"The Pines is our first development in Scotland, and a demonstration that our model – deploying long-term capital in partnership with great developers, investors and property managers – can provide high-quality affordable housing for communities across all of the UK.
“We’re proud to be among the first group of investors to pass the 1,000-home milestone, and we’re looking forward to building on this foundation in East Lothian and beyond.”
Pictured: Jack Burnham
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