Glencairn Properties

What Glencairn Properties does

Glencairn Properties is a privately-held, founder-led property developer based in Edinburgh, Scotland, operating since 2011 under legal entity Glencairn Properties (Scotland) Limited. The firm designs, develops, and delivers residential and Purpose-Built Student Accommodation (PBSA) projects, with a portfolio of 12+ schemes concentrated in Edinburgh. Its core offering spans two product lines: institutional-scale PBSA (Montrose Terrace 149 beds, 8 Lower Gilmore Place 69 studios, Dundee Terrace 206 beds, Ashley Place 232 beds, and 12-18 Lower Gilmore Place Phase 2 with 82 studios) and high-end private-sale residential including townhouses, mews houses, and heritage conversions (Great Junction Street, Liberton Barns, Bellevue Colonies, Bellevue Apartments, Woodhall, Craigmount, Cumberland Mews). Differentiated capability is concentrated in design-led delivery, brownfield regeneration (notably the contaminated ex-petrol station at Montrose Terrace), and Grade B listed building conversions, supported by in-house construction capability via Glencairn Construction.

Revenue is generated through property development and sale (one-time transactional model), with PBSA projects typically delivered via forward-funding partnerships with institutional investors — most notably a FTSE 100 pension fund on Montrose Terrace (completed Summer 2023) — while private residential units are sold directly to individual buyers via the company website. Pricing is not publicly disclosed; sales are quote-based with no listed prices. The firm employs 1-10 staff and partners with a consistent set of specialist architects (ISA Architects, ADP Architects, JM Architects, 56three, Flow Architects), main contractors (Thomas Johnstone Limited, Graham Construction), and engineering/QS consultancies (Arcadis, Thomas & Adamson, Will Rudd Davidson, RSP, Henderson Warnock, G&T, RYBKA) across its project portfolio. Distribution is direct (project listings on glencairnproperties.com) supplemented by organic social presence on Instagram and LinkedIn. The company remains founder-controlled by Managing Director Daryl Teague, with no disclosed external equity investors, funding rounds, or parent entity.

Name

Glencairn Properties

Legal name

GLENCAIRN PROPERTIES (SCOTLAND) LIMITED

Website

https://glencairnproperties.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Glencairn Properties is an Edinburgh-based, founder-led property developer specializing in design-led residential developments and institutional-scale Purpose-Built Student Accommodation (PBSA) across the Scottish capital, with a 12+ project portfolio including brownfield regeneration and heritage conversions.

Ownership category

akta.pro rank

Product category

Property Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (23611)

SIC

Real Estate Dealers (For Their Own Account) (6532), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Purpose-Built Student Accommodation (PBSA) Providers & Operators (EDAIALAA)

akta.pro secondary industries

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE), Off-Campus Purpose-Built Student Housing (PBSA) Management (BPAJAJAB)

Keywords

• Property development
• Student accommodation
• Residential development
• Build-to-rent
• Heritage conversion

Headquarters

HQ city

Edinburgh

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Property Development and Sales: Glencairn Properties generates revenue through the development and sale of residential properties including apartments, townhouses, and purpose-built student accommodation (PBSA). The company operates as a developer managing the full construction process in-house for some projects (Glencairn Construction).

Distribution channels1 record

Marketing channels2 records

Core offering

Glencairn Properties is a design-led property developer that builds, renovates, and sells residential real estate in Edinburgh, including luxury apartments, townhouses, and large-scale Purpose-Built Student Accommodation (PBSA) schemes. Since 2020 the company has focused on institutional-scale living sector projects, delivering both build-to-rent and PBSA developments in partnership with forward-funding institutional investors.

Product overview

Glencairn Properties is a design-led property developer specializing in purpose-built student accommodation (PBSA) and residential developments across Edinburgh, Scotland. Since 2020, the company has focused on the living sector market, delivering institutional-scale projects in PBSA and Build-to-Rent (BTR) sectors. The portfolio includes completed projects (Great Junction Street, Liberton Barns, Montrose Terrace, 8 Lower Gilmore Place, Bellevue developments, Craigmount, Cumberland Mews, Woodhall) and pipeline projects (Dundee Terrace with 206 beds, Ashley Place with 232 beds, and 12-18 Lower Gilmore Place Phase 2 with 82 studios). Projects range from Grade B listed building conversions to brownfield regeneration of contaminated sites. The company operates with in-house construction capabilities (Glencairn Construction) and partners with architects, QS firms, and engineering consultants.

Differentiator

Problem solved

Functional benefit

Products and services

• Montrose Terrace (Norton's Student Living) 149-bed purpose-built student accommodation development in Edinburgh featuring studio apartments and cluster flats, with gym, laundry, double-height amenity spaces, yoga room, and rooftop private dining. Forward-funded by a FTSE 100 pension fund.
• 8 Lower Gilmore Place 69 PBSA studio apartments at Lochrin Basin in Edinburgh's Fountainbridge area, located near Union Canal with views of Edinburgh Castle. Phase 1 of a 150-bed scheme.
• 12-18 Lower Gilmore Place Phase 2 of the 150-bed PBSA scheme at Fountainbridge, Edinburgh, comprising 82 studios; completing the Fountainbridge jigsaw.
• Dundee Terrace 206-bed purpose-built student accommodation development in Edinburgh with planning approval granted in June 2024. Designed by Flow Architects (planning) and JM Architects (delivery).
• Ashley Place 232-bed purpose-built student accommodation development in Bonnington, Edinburgh, with planning approval granted in July 2025. Designed by ISA Architects.
• Great Junction Street 38 luxury apartments in Leith, Edinburgh, completed 2022, comprising the conversion of a Grade B listed former State Cinema building and a new contemporary extension around a south-facing courtyard, with energy-efficient modern homes overlooking the Water of Leith.
• Liberton Barns Edinburgh Three two-storey, four-bedroom contemporary townhouses completed 2020 at Liberton Brae, Edinburgh, featuring a standing seam metal roof and vertical timber cladding, built around the reuse of a Grade B listed barn. Winner of the 2020 Scottish Home Awards Innovation award.
• Woodhall
• Bellevue Colonies 37 colony dwellings completed 2015 in Edinburgh's Bellevue area, replicating the unique character and community of 19th-century colony dwellings with shared footpaths, gates, external stairs, and private garden spaces.
• Bellevue Apartments 30 apartments completed 2016 in a six-storey development on Leith Walk, Edinburgh, with dual aspect living rooms, large glazed planes, and communal terraces.
• Craigmount Five four-bedroom villa townhouses in the Corstorphine area of Edinburgh, completed on a sloping site with views over the Pentland Hills, with three floors and private gardens.
• Cumberland Mews Two mews houses in Edinburgh's city centre behind a 17th-century town house, with three floors, private rear gardens, sandstone exterior, and carriage-sized apertures.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core and supporting.

• ISA ArchitectscoreStrategic or Co-development PartnerArchitectural firm providing design services for multiple Glencairn projects including 8 Lower Gilmore Place, Ashley Place, and 12-18 Lower Gilmore Place.
• ADP ArchitectscoreStrategic or Co-development PartnerArchitectural firm collaborating on Phase 1 and Phase 2 of the 150-bed PBSA scheme at Lower Gilmore Place.
• 56threecoreStrategic or Co-development PartnerArchitectural firm for Montrose Terrace project - Norton Student Living development with traditional architecture form.
• Thomas Johnstone LimitedcoreImplementation/ SI/ Consulting PartnerMain contractor for 8 Lower Gilmore Place (69 studios completed Summer '23) and 12-18 Lower Gilmore Place (82 studios due June '26).
• Graham ConstructioncoreImplementation/ SI/ Consulting PartnerMain contractor for Montrose Terrace project - 149-bed PBSA development completed Summer '23.
• ArcadissupportingImplementation/ SI/ Consulting PartnerQuantity surveyor for 8 Lower Gilmore Place project.
• Thomas & AdamsonsupportingImplementation/ SI/ Consulting PartnerQuantity surveyor for 12-18 Lower Gilmore Place project.
• Will Rudd DavidsonsupportingImplementation/ SI/ Consulting PartnerStructural engineer for 8 Lower Gilmore Place project.
• RSP Consulting EngineerssupportingImplementation/ SI/ Consulting PartnerM&E engineering for 8 Lower Gilmore Place project.
• Henderson WarnocksupportingImplementation/ SI/ Consulting PartnerM&E engineering for 12-18 Lower Gilmore Place project.
• Significant OtherssupportingImplementation/ SI/ Consulting PartnerInterior Design and Wayfinding for 8 Lower Gilmore Place project.
• Flow ArchitectssupportingStrategic or Co-development PartnerPlanning architect for Dundee Terrace project.
• JM ArchitectscoreStrategic or Co-development PartnerDelivery architect for Dundee Terrace 206-bed PBSA project.
• G&TsupportingImplementation/ SI/ Consulting PartnerQuantity surveyor for Dundee Terrace project.
• RYBKAsupportingImplementation/ SI/ Consulting PartnerM&E engineering for Dundee Terrace project.

Scale indicators2 records

Recent moves1 record

Expansion highlights3 records

Regional players

• Drum Property Group: Edinburgh-based residential and mixed-use developer with comparable design-led, heritage-sensitive approach to Scottish residential and PBSA projects.

Direct peers

• CRM Students: UK PBSA developer and operator focused on city-centre, high-quality student accommodation. Comparable in target market, customer base, and institutional partnership model.
• Unite Students: Largest UK purpose-built student accommodation provider and developer, operating across major university cities including Edinburgh. Directly comparable to Glencairn in PBSA product category and target customer (students).
• Watkin Jones Group: UK-listed PBSA and build-to-rent developer with institutional forward-funding model. Closely comparable to Glencairn's PBSA development and forward-funded delivery approach.
• Vita Student: Premium PBSA operator/developer targeting design-led, amenity-rich student living — directly comparable to Glencairn's design-led PBSA positioning and amenity offering.
• Downing: UK developer and operator with significant PBSA portfolio across university cities including Edinburgh. Comparable in PBSA product offering and institutional investor partnerships.

Broad incumbents

• iQ Student Accommodation: Major UK PBSA brand backed by Blackstone, operating and developing student housing in Edinburgh and other university cities. Comparable as an institutional-scale PBSA competitor.
• CALA Homes: Major UK housebuilder with strong Scottish presence in Edinburgh delivering premium residential developments. Comparable on residential side of Glencairn's portfolio (luxury apartments, townhouses).
• Greystar Real Estate Partners: Global multifamily and student housing developer/operator with UK presence including PBSA in Edinburgh. Comparable as a capitalised incumbent targeting the same institutional PBSA segment.
• MCR Property Group: UK residential and PBSA developer active in city-centre regeneration projects. Comparable as a developer pursuing urban infill and heritage-conversion strategies similar to Glencairn.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/gelncairn-properties-scotland-ltd
• Instagraminstagram.com/glencairn_properties
• Xx.com/glencairnprop
• Facebookfacebook.com/GlencairnProperties

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Glencairn Properties