Blackrock seals €34.7m campus joint venture

PROPERTY investment firm Blackrock International Land is entering a joint venture to acquire the campus of Edinburgh further education college Jewel and Esk Valley.

Blackrock, the property investment spin-off of fruit distributor Fyffes will join with Applecross Properties to acquire the campus for a total outlay, including costs, of £24.2 million (€34.7m).

Outline planning consent has been granted by Midlothian Council for a residential development of 140 high-quality executive houses on the site.